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ABC Inc. bought 40% of XYZ inc for $3,000,000 (10,000 shares) on May 1st 2021. XYZ pays a $5 per share dividend on July 1st
ABC Inc. bought 40% of XYZ inc for $3,000,000 (10,000 shares) on May 1st 2021. XYZ pays a $5 per share dividend on July 1st 2021. XYZ reports net income of $600,000 on December 31st 2021 ABC Sells 50% of the Investment in XYZ on February 2nd 2022 for 2 Million Dollars REQUIRED: 1) What are ABC the Journal Entries on a) May 1st 2021 b) July 1st 2021 c) December 31st 2021 d) February 2nd, 2022
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Accounting 101 For Business Coaches How To Find Your High End Coaching Fees Before You Start Working With Your New High End Coaching Client
Authors: Karl Bryan, Peter Lawson
1st Edition
1777684706, 978-1777684709
