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Equity Investments: Less than 20% ownership On September 12, 3,600 shares of Denver Company's common stock are acquired at a price of $50 per share
Equity Investments: Less than 20% ownership On September 12, 3,600 shares of Denver Company's common stock are acquired at a price of $50 per share plus a $180 brekerage commission, On October 15, an $0.90-pershare dividend was received on the Denver Company stock. On November 10, 1,440 shares of the Denver Company stock were sold for $43 per share less a $72 brokerage commission. At the end of the accounting period on December 31 , the fair value of the remaining 2,160 shares of Denver Company's stock was $42 per share. Deriver Company has 400,000 shares of common stock outstanding. Joumalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method, If an amount bor does not require an eitry, leque it blark
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