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Question 26 8 pts Malon Company purchased 8% of the common stock of Farbber Company at the beginning of 2019 for $280,000 (no significant influence).

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Question 26 8 pts Malon Company purchased 8% of the common stock of Farbber Company at the beginning of 2019 for $280,000 (no significant influence). For 2019, Farbber reported net income of $300,000 and paid dividends of $92,000. Malon's investment in Farbber Company stock had a fair value of $293,000 at the end of 2019. Make the journal entries for 2019 to account for Malon's investment in Farbber stock, including the original investment. Use appropriate account titles. himu BIVA do 2 HTML Editor - IEEE 1 . x X, IEE VDL 11 12pt Paragra v

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