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Investment in Marketable Securities On January 3, 20x1, Matthew Corporation purchased the following equity securities as an investment. The securities are classified as teadines Number

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Investment in Marketable Securities On January 3, 20x1, Matthew Corporation purchased the following equity securities as an investment. The securities are classified as teadines Number of Cost of Total Company Shares Share Cost A 800 $20 $ 16,000 B 2.000 12 24,000 400 22 8,800 Prepare the journal entry to record the acquisition of the stock

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