To acquire Kinston plc shares, R. Neal pays 63,200. What entry should be made for this investment?

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To acquire Kinston plc shares, R. Neal pays £63,200. What entry should be made for this investment?

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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

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

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Question Posted: Apr 07, 2017 11:27 AM

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To acquire Kinston Corporation stock, R. Neal pays $62,000 in cash, plus $1,200 brokers fees. What entry should be made for this investment?
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To acquire Kinston plc shares, R. Neal pays 63,200. What entry should be made for this investment?

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Financial Accounting

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