Question: 3. Review the basic journal entry when Big acquires Small with both cash given and stock issued. PPT 2-11 example Assume that an investor purchases

3. Review the basic journal entry when Big acquires Small with both cash given and stock issued. PPT 2-11 example Assume that an investor purchases an investee and funds the purchase with $20,000 in cash and issues 400 shares of $1 par common stock with a fair market value of $60 per share. Show the necessary journal entry?

3. Review the basic journal entry when Big acquires Smail with both cash given and stock issued. PPT 2-11 example Assume that an investor purchases an investee and funds the purchase with $20,000 in cash and issues 400 shares of $1 par common stock with a fair market value of $60 per share. Show the necessary journal entry

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