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Entries for equity investments: 20%-50% ownership On January 6, 20Y8, Bulldog Co. purchased 34% of the outstanding common stock of Gator Co. for $212,000. Gator
Entries for equity investments: 20%-50% ownership On January 6, 20Y8, Bulldog Co. purchased 34% of the outstanding common stock of Gator Co. for $212,000. Gator Co. paid total dividends of $24,000 to all shareholders on June 30, 20Y8. Gator had a net loss of $56,000 for 20Y8. a. Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co. stock. If an amount box does not require an entry, leave it blank. Jan. 6- Purchase June 30- Dividend Dec. 31- Equity Loss compute the balance of investment and gator coast stock on December 31, 2008 
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Entries for equity investments: 20%-50% ownership
On January 6, 20Y8, Bulldog Co. purchased 34% of the outstanding common stock of Gator Co. for $212,000. Gator Co. paid total dividends of $24,000 to all shareholders on June 30, 20Y8. Gator had a net loss of $56,000 for 20Y8.
a. Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co. stock. If an amount box does not require an entry, leave it blank.
Jan. 6- Purchase
June 30- Dividend
Dec. 31- Equity Loss
compute the balance of investment and gator coast stock on December 31, 2008
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Agile Audit Transformation And Beyond
Authors: Toby DeRoche
1st Edition
1032062894, 978-1032062891
