Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Brief Exercise 9-12 Blue Spruce Corporation purchased 300 common shares of Burke Inc. for 323,460 and accounted for them using IV OCI. During the year,

image text in transcribed
image text in transcribed
Brief Exercise 9-12 Blue Spruce Corporation purchased 300 common shares of Burke Inc. for 323,460 and accounted for them using IV OCI. During the year, turke pada cash dividend of $3.5 perhe. At year end, Burke share had a far value of $74.50 per share Prepare Blue Spruce's journality to record the purchase of the investment. (Credit attities are automatically indented when the amount internal. Do not inden mantally. If ne entry is reglect "Nantry for the account titles and enter for the amounts) Det Credit SHOW LISTA selecta Entry for the account titles and wer for the ans) Preporu Spruce's journal entry to record the dividends received. (Credit cities are automatically indeed when the amount is not deny It is hele nation Det Credit USE IS Page Sourant to the value (Credit accounts aromatically indeed when the mindDe mindent. It is in "Nefry the titles and enter for the amounts Dit Credit D SOLO ACCOUNT hreat to try to the dividendes received recent title are stically indeed when the act of internally. W nowymi "No to the continenter when And plent Debat Credit Powell ones and whether Fear the water the DB Brief Exercise 9-12 Blue Spruce Corporation purchased 300 common shares of Burke Inc. for 323,460 and accounted for them using IV OCI. During the year, turke pada cash dividend of $3.5 perhe. At year end, Burke share had a far value of $74.50 per share Prepare Blue Spruce's journality to record the purchase of the investment. (Credit attities are automatically indented when the amount internal. Do not inden mantally. If ne entry is reglect "Nantry for the account titles and enter for the amounts) Det Credit SHOW LISTA selecta Entry for the account titles and wer for the ans) Preporu Spruce's journal entry to record the dividends received. (Credit cities are automatically indeed when the amount is not deny It is hele nation Det Credit USE IS Page Sourant to the value (Credit accounts aromatically indeed when the mindDe mindent. It is in "Nefry the titles and enter for the amounts Dit Credit D SOLO ACCOUNT hreat to try to the dividendes received recent title are stically indeed when the act of internally. W nowymi "No to the continenter when And plent Debat Credit Powell ones and whether Fear the water the DB

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

9th edition

290-1259222138, 1259222136, 978-1259222139

Students also viewed these Accounting questions