Parent company has an investment account in Subsidiary with a balance of SR 500 and its Fair
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Question:
Parent company has an investment account in Subsidiary with a balance of SR 500 and its Fair market value SR 550. Parent sold the entire Interest for SR 600 cash.
Requited: Pass journal entry for the sale transaction on parent books.
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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