On 30 June 20X2, King Limited purchased 10,000 shares of Prince Inc. for $ 12,000 plus $
Question:
Required:
Prepare journal entries for 20X2 and 20X3, if the company uses the:
a. Cost method.
b. Fair- value- through- profit- and- loss Fair-value-through-profit-and-loss method.
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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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