Question: On January 1 , 2 0 1 9 , Jones Company acquires a ( 3 0 % ) interest in Fink Company
On January Jones Company acquires a interest in Fink Company by purchasing of its common shares for $ per share and obtains significant influence. On the date of acquisition, the net assets of Fink were as shown here: During Fink earned income of $ and paid dividends of $ Required: Prepare all journal entries on Jones's books to record the acquisition, dividends, and income from the investment in Fink. Prepare all journal entries on Jones's books to record the acquisition, dividends, and income from the investment in Fink. General Journal Instructions GENERAL JOURNAL
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