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Required information Equity Skip to question [ The following information applies to the questions displayed below. ] On March 2 2 , purchased 7 3
Required information Equity
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The following information applies to the questions displayed below.
On March purchased shares of RPI Company stock at $ per share. Duke's stock investment results in it having an insignificant influence over RPI.
On July received a $ per share cash dividend on the RPI stock purchased in part a
On October sold shares of RPI stock for $ per share.
Analyze each transaction above by showing its effects on the accounting equationspecifically identify the accounts and amounts including or for each transaction.
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