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On January 6, 2016, Bulldog Co. purchased 39% of the outstanding stock of Gator Co. for $213,900. Gator Co. paid total dividends of $24,400 to

On January 6, 2016, Bulldog Co. purchased 39% of the outstanding stock of Gator Co. for $213,900. Gator Co. paid total dividends of $24,400 to all shareholders on June 30. Gator had a net loss of $53,100 for 2016. Required: A. Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the to the Chart of Accounts for exact wording of account tities. equity loss in Gator Co. stock. Refer B. Compute the balance of Investment in Gator Co. Stock on December 31, 2016. C. How does valuing an investment under the equity method differ from valuing an investment at fair value

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