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Raider Investments completed the following transactions during 2024 (. (Click the icon to viaw the transactions.) Requirements 1. Joumalize Raider's transactions. Explanations are not required.
Raider Investments completed the following transactions during 2024 (. (Click the icon to viaw the transactions.) Requirements 1. Joumalize Raider's transactions. Explanations are not required. 2. Classity and prepare partial financial statements for Raider's 45% Naradon investment for the year ended December 31,2024. Requirement 1. Joumalize Raider's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining celts blank.) Jan. 14: Purchased 900 shares of Naredon stock, paying $50 per share. The investment represents 45% ownership in Naradon's voting stock and Raider has significant influence over Naradon. Raider intends to hold the investment for the indefinite future. More info Jan. 14 Purchased 900 shares of Naradon stock, paying $50 per share. The investment represents 45% ownership in Naradon's voting stock and Raider has significant influence over Naradon. Raider intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.25 per share on the Naradon stock. Dec. 31 Naradon's current market value of $47 per share. Dec. 31 Naradon reported net income of $500,000 for the year ended 2024
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