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Recording Entries for Equity Investment: FV-NI and Equity Method year, Towne Corporation reported net income of $24,000 and declared and paid dividends of $8,000. As
Recording Entries for Equity Investment: FV-NI and Equity Method year, Towne Corporation reported net income of $24,000 and declared and paid dividends of $8,000. As of December 31 , common shares of Towne Corporation were trading at $20 per share
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