On January 1, 2010, Jones Company acquires a 30% interest in Fink Company by purchasing 3,000 of
Question:
During 2010 Fink Company earned income of $22,000 and paid dividends of $6,000.
Required
Prepare all journal entries on Jones Companys books to record the acquisition, dividends, and income from the investment in Fink Company. Show supportingcalculations.
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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