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Blue Company had these transactions pertaining to share investments: May. 1 Purchased 10,000 shares of Jordan Company (10%) for $140,000 cash. Sept. 1 Received cash
Blue Company had these transactions pertaining to share investments: May. 1 Purchased 10,000 shares of Jordan Company (10%) for $140,000 cash. Sept. 1 Received cash dividends of $2 per share on Jordan shares. The entry to record the receipt of the dividends on Sept. I would include a
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