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Prepare the lolowing journal entries for ASU Company. A. Op January 1, ASU Company acquired 10% of the outstanding stock of Darton Company for $100,000

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Prepare the lolowing journal entries for ASU Company. A. Op January 1, ASU Company acquired 10% of the outstanding stock of Darton Company for $100,000 - Account clebit credit Grivicleni HOME lequo CASh 10 B. Darton Company reported net income of $60,000 for the year. - 10 dpc - 70000 uef Incore SOH O 10000 360 Wet Leon 70100 C. Darton Company declared and paid dividends of $30,000 for the year. 70,000 - Net Income 20.000 30,000 Paid diselena 40.000 net INCOME 4010 Section B: Stock Investment--Equity Method Prepare the following journal entries for ASU Company. A. On January 1, ASU Company acquired 30% of the outstanding stock of Darton Company for $300,000. B. Darton Company reported net income of $100,000 for the year. tuet income tool000-97000 Nel teeme T0,000 C. Darton Company declared and paid dividends of $40,000 for the year. putet incomo 70,000 Daler dividene Z 0 06 soooo NetIncome

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