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Question 19 3.75 pts 19. Caleb Company purchases 1.000 common shares (40%) of Wilshire incorporated as a long-term investment for $100.000 cash only 1. Wilshire

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Question 19 3.75 pts 19. Caleb Company purchases 1.000 common shares (40%) of Wilshire incorporated as a long-term investment for $100.000 cash only 1. Wilshire reported net income of $150,000 for the year ended December 31 Prepare Caleb's journal entry to record the December 31 year end adjustment for its share of Wilshire's net income O A Debit Method Investments $150,000 credit Earrings from Equity Method Investments $150,000 O Debat Equity Method investments $60.000 credit Earnings from Equity Method dovestments $60.000 O De Stock Iments 550.000 credit Earnings from Equity Method investments $50,000 Od Debit Culty Method investments $150.000 Credit Cash $150,000 OL of the above

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