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Eliasen, Inc. invests its excess cash in Creative Technologies, Inc. and acquires 3, 900 shares for $23.25 per share. Eliasen, Inc. owns less than 2%
Eliasen, Inc. invests its excess cash in Creative Technologies, Inc. and acquires 3, 900 shares for $23.25 per share. Eliasen, Inc. owns less than 2% of Creative's voting stock and plans to hold the stock for two years. Which of the following is the correct journal entry for the transaction
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