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Journalizing equity investment transactions; less than 20% ownership The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10.
Journalizing equity investment transactions; less than 20% ownership The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10. Purchased 10,000 shares of Delew Company's common stock for a price of $50 per share. Delew Company has 250,000 shares of common stock outstanding. July 8. Received a quarterly dividend of $0.80 per share on the Delew Company investment. Sept. 10. Sold 2,000 shares for a price of $45 per share. Dec. 31. At the end of the accounting period, the fair value of the remaining 8,000 shares of Delew Company's stock was $47 per share. Journalize the entries for these transactions. If an amount box does not require an entry, leave it blank. Apr. 10 July 8 Sept. 10 Dec. 31
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1 April 10 Vintage Company purchased 10000 shares of Delew Companys common stock for 50 per share The total cost of the investment is calculated as fo...Get Instant Access to Expert-Tailored Solutions
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