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Posted on Aug 05, 2024

On January 3 , KostansasCorporation purchased 5 , 0 0 0 shares of Morton, Incorporatedofr $ 4 0 per share. These shares represent a 4

On January

3,

KostansasCorporation purchased

5, 000

shares of Morton, Incorporatedofr $

40

per share. These shares represent a

40 %

ownership ni Morton, Incorporated Prepare hte journal entry Kostansas Corporation should record for hte purchase of this investment,

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