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Business, 19.10.2021 02:10 DESI111609

On January 1, 2020, Carla Corporation purchased 40% of the common shares of River Company for $371,000. During the year, River earned net income of $109,000 and paid dividends of $40,000. Prepare the entries for Carla to record the purchase and any additional entries related to this investment in River Company in 2020.

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On January 1, 2020, Carla Corporation purchased 40% of the common shares of River Company for $371,0...
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