To acquire Mega Corporation stock, R. L. Duran pays ($ 65,000) in cash plus ($ 1,500) broker's

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To acquire Mega Corporation stock, R. L. Duran pays $\$ 65,000$ in cash plus $\$ 1,500$ broker's fees. What entry should be made for this investment, assuming the stock is readily marketable?

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 14, 2024 01:14 AM

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To acquire Mega Corporation stock, R. L. Duran pays ($ 65,000) in cash plus ($ 1,500) broker's

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Financial Accounting

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