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Recording Entries for Equity Investment: FV - NI and Equity Method of December 3 1 , common shares of Towne Corporation were trading at $

Recording Entries for Equity Investment: FV

-

NI and Equity Method of December

31,

common shares of Towne Corporation were trading at $

20

per share.

Journal Entries with Significant Influence

Journal Entries without Significant Influence

Financial Statement Presentation

Please answer all parts of the question.

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