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Question 11 On January 10, 2022. Orion Corp purchased 25% of the common shares of Star Company for $600,000. During the year, Star and not
Question 11 On January 10, 2022. Orion Corp purchased 25% of the common shares of Star Company for $600,000. During the year, Star and not Income of $900,000 and paid dividends to common shareholders totaling 5550,000 On March 30, 2023, Orion sells the entire investment in Star Company for $700.000. Assume that Orion has significant influence over Star and does not elect the fair value option Prepare Orion's journal entries for the 1. Purchase of the investment 2 Net income 3. Dividends 4. Sale of the investment (Hint: Calculate the value of the investment at the end of 2022 Include the dates for the journal entries, For the ALT ALT FROM BTWS Fragran M 100 EA T. X
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