Question: 4. (15 pts) Assume the same facts in problem number 3 above, except that Emory purchased 25% of Milsaps for $300,000 and has significant influence.

4. (15 pts) Assume the same facts in problem number 3

4. (15 pts) Assume the same facts in problem number 3 above, except that Emory purchased 25% of Milsaps for $300,000 and has significant influence. Record the journal entries for 2019 on the books of Emory regarding the events of Milsaps. Dr. Cr

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