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6. Roberts owns $8% of Smith at has a balance in the investment account of $200,000 at December 31 , 2015. On January 1, 2016
6. Roberts owns $8% of Smith at has a balance in the investment account of $200,000 at December 31 , 2015. On January 1, 2016 Roberts purchases an additional 10\% ownership in Smith for $70,000. Roberts will Dr. Investment in Smith for $70,000 and credit Cash for $70,000. What additional entry will Roberts be required to make to reflect the increase in ownership
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
12th Edition
0324100949, 978-0324100945
