on january 2, 2021, jolley corp paid 250,000 for 25% of the voting common stock of wonder co. on that date the book value of wonder was 850,000. a building with a carrying value of 160,000 was acutally worth 220,000. the building had a remaining life of twenty years. wonder owned a trademark valued at 90,000 over cost that was to be amortized over 20 years. prepare all of jolley's journal entries for 2021 in relation to wonder co. assume the equity method is appropriate for use
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on january 2, 2021, jolley corp paid 250,000 for 25% of the voting common stock of wonder co. on tha...
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