Diego company had the following transaction relating to investment of stock with significant influence during the year.
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Question:
Diego company had the following transaction relating to investment of stock with significant influence during the year. Preparer the required general journal entries for share transaction:
May Diego purchased shares of XYZ Company stock fee for
July Diego received a per she cash dividend on the XYZ company stock.
Sept Sold shares of cob company stock for $ in cash
Dec. the fair value of th XYZ company stock the only investment that Diego owns is $ per share.The balance of the Fair value adjustment Trading account had a zero balance prior to adjustment.
Posted Date: