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Bidvest Co, acquired 40% of the 2,000,000 shares of common stock of Bubble Co, at a cost of $7.50 per share on January 1, 2014,
Bidvest Co, acquired 40% of the 2,000,000 shares of common stock of Bubble Co, at a cost of $7.50 per share on January 1, 2014, Bubble Co. declared and paid a $0.5 cash dividend per share and reported net profit of $415,000 for the year. On December 31, 2014, Bidvest sold these shares at a market price of $8.70 per share. Required Journalise the above purchase, dividend and profit and sale of shares in Bubble Co. Answer: Copy the below table-control C- and past - control V - into your answer. Please complete the journals Date Description Cr
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