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Entries for equity investments: 20%-50% ownership On January 6, 20Y8, Bulldog Co. purchased 30% of the outstanding common stock of $168,000. Gator Co. paid
Entries for equity investments: 20%-50% ownership On January 6, 20Y8, Bulldog Co. purchased 30% of the outstanding common stock of $168,000. Gator Co. paid total dividends of $21,800 to all shareholders on June 30, 2018. Gator had a net loss of $31,900 for 2018. a. Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co. stock Jan. 6 Purchase Lovestment in Gator Co. Stock Wash June 30 Dividend Sash Investment in Gator Co. Stock Dec. 31 Equity Loss Loss of Gator Co. Feedback 50,400 X 50.400 X Investment in Gator Co. Stock 10 b. Compute the balance of Investment in Gator Co. Stock on December 31, 2018. 47,370 X c. How does valuing an investment under the equity method differ from valuing an investment at fair valu method, the investor will record their proportionate share of the net increase (e Under the equity earnings and dividend distributions. The fair value method uses market price information to valu
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