Question
Kinney purchased 2,000 shares of Gregg Corporations common stock for $30 per share on April 1, 2021. Gregg has a total of 8,000 shares of
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Kinney purchased 2,000 shares of Gregg Corporations common stock for $30 per share on April 1, 2021. Gregg has a total of 8,000 shares of common stock outstanding. On December 1, Kinney received $500 in dividends from Gregg. On December 31, Greggs stock was selling for $38 per share. Greggs 2021 net income was $210,000. Kinney does not intend to sell the stock in 2022. How to record as a journal entry?
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Crossover Of Audit And Evaluation Practices Comparative Policy Evaluation
Authors: Maria Barrados, Jeremy Lonsdale
1st Edition
1032173874, 978-1032173870
