Question
Adams owns 80% of Williams and the carrying value of the investment ion January 1,2012 is $600,000. On that date Adams sells half of its
Adams owns
80% of Williams and the carrying value of the investment ion January 1,2012 is $600,000. On that date Adams sells half of its shares for $250,000. What journal entry is recorded at that date?
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
7th Edition
1265440166, 978-1265440169
