Refer to the facts provided in the previous problem (P7-17). Provide the journal entries assuming that LL
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Available Held for for saletrading Associate Balance sheet Investment in TTshares Statement of comprehensive income Dividend income Other income (specify types) Sub-totaleffect on net income Other comprehensive income Total effect on comprehensive income $80,000 80,000 50,000
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January 1 2012 Purchase date Dr Investment in TT shares 20000 share...View the full answer
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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