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11 Marlow Company acquired 40 percent of the voting shares of Brown Company on January...

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11 Marlow Company acquired 40 percent of the voting shares of Brown Company on January 1, 20x8, for $85,000. The following results are reported for Brown Company 9 points Net income Dividends paid Fair value of shares held by Marlow: January 1 December 31 28x8 28x9 $28,00 $30,000 10, Bea 15,000 85,000 97,200 97, 92,000 cBook Required: a. Give all journal entries recorded by Marlow for 20x8 assuming that it carries its investment in Brown at fair value. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Print Journal entry worksheet B A > References Record the purchase of Brown Company stock. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal b. Give all journal entries recorded by Marlow for 20x9 assuming that it carries its investment in Brown at fair value. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A B > Remn the dividende frm Rrown Coman

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