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Accounting for Equity Securities-Influential The Dunn Company had the following transactions and adjustment related to a stock investment: 2015 Jan. 15 Purthased 12000 thares of
Accounting for Equity Securities-Influential The Dunn Company had the following transactions and adjustment related to a stock investment: 2015 Jan. 15 Purthased 12000 thares of van incis common sock at 39.75 per share plus a beckerage commission of 3900 . These shares represent a 30 percent ownership of vans common stack: Oec 31 Received a carh devalend of 3200 per share of common stock from van. bec 31 Made the aspustng entry to relite income from the var stock ifvestment vaits 2016 net income is 383,000 2017 Sold all 12000 thares of the Van common stock tor 1123.500. Recond the tarsactions and ad justment of the Dunn Company using journal entries
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