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QUESTION 23 A Company has purchased 100,000 shares of stock of B Company for $5,000,000. This represents 20% ownership. What journal entry, if any would

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QUESTION 23 A Company has purchased 100,000 shares of stock of B Company for $5,000,000. This represents 20% ownership. What journal entry, if any would A make in the following situations: A learns that B had income of $300,000. Assume A uses the cost method of accounting for its investment. (3 points)

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