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Brief Exercise 9-11 Flint Corporation purchased 280 common shares of Burico Inc for S23 100 and accountad fortnam us ng FV OCI During the year,
Brief Exercise 9-11 Flint Corporation purchased 280 common shares of Burico Inc for S23 100 and accountad fortnam us ng FV OCI During the year, Buroa paid a cash dridend of $3.25 per share. At yearend Burke share; had far valua of 574.50 per share. prepare Flint's ournal entry to record the purchase o the investment enter 0 for the amounts.) Cre it account titles are automatica in ente when the amount s entered. Do not in en man a If no ent is egui ed select O ntry for the account tie and Account Titles and Explanation Debit Credit Prepare Flint's journal entry to record the dividends received. (Round answers to 0 deimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Propare Flint's journal entry to record the fair value adjustment. (Round answors to 0 decimal places, o.g. 5,275. Crodit account titlos are automatically indented when the amount is enterod. Do not indent manually. If no antry is required select "No Entry for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Question Attempts: 0 of 3 used
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