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On January 1, 2020, Galactic Company acquired a 10% ownership in the common stock of Star Corporation for $450,000. The fair value of the Star
On January 1, 2020, Galactic Company acquired a 10% ownership in the common stock of Star Corporation for $450,000. The fair value of the Star investment is as follows: December 31, 2020 $570,000 December 31, 2021 5600,000 Fair Value Prepare the journal entry at December 31, 2021 to record the fair value of the Star investment TTTT Paragroph Arial 3 (12)
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