Question: Assume that Carla Vista Compary cannot exercise significant influence over the activities of the investee companies and that the cost method is used to account

activities of the investee companies and that the cost method is used

Assume that Carla Vista Compary cannot exercise significant influence over the activities of the investee companies and that the cost method is used to account for the irvestments On June 30, 2022, Carla Vista Compary received the following cash dividends: On Nevember 15,2022. Carla Vista Company sold 96 shares of R-tel Corporation common stock for $3,456 On December 31,2022 , the fair value of the securities held by Carla Vista Company is as follows: On November 15, 2022. Carla Vista Company sold 96 shares of R-tel Corporation common stock for 33,456 . On December 31.2022, the fair value of the securities held by Carla Vista Company is as follows: Prepare the appropriate journal entries that the Carla Vista Company should make on the tollowing dates: (Credit account titles are automatically indented when the amount is entered. Do not indent manually, Record journal entries in the order presented in the problem.)

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