Parent company has an investment account in Subsidiary with a balance of SR 500 and its Fair

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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.

Related Book For answer-question

International Marketing And Export Management

ISBN: 9781292016924

8th Edition

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

Posted Date: Jul 12, 2024 08:05 PM

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Parent company has an investment account in Subsidiary with a balance of SR 500 and its Fair

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International Marketing And Export Management

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