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Heritage Ltd. was organized on January 2, 2022. The following investment transactions and events occurred during the following months: Jan. 5, 2022 Jun. 10, 2022
Heritage Ltd. was organized on January 2, 2022. The following investment transactions and events occurred during the following months: Jan. 5, 2022 Jun. 10, 2022 Dec. 31, 2022 Stop sharing Required: Hide Heritage paid $40,000 for 10,000 shares (5%) of Dream Co.'s outstanding shares. Heritage will account for this investment with the FVTPL method. Dream Co. declared a total cash dividend of $90,000 Dream Co. announced that its profits for 2020 was $530,000. The fair value of the shares was $6 per share Heritage sold all of its investment in Dream Co. for $52,000 Record the required journal entries for Heritage Ltd. based on the above events. Essay Toolbar navigation > AL
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