Assume that Ali Company and Bader Company each invested $(201812488) for a 50% interest in...
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Accounting
Assume that Ali Company and Bader Company each invested $(201812488) for a 50% interest in an unincorporated joint venture on January 2, 2020. AB achieved net profit 15% of 201812488 and paid cash dividends 4% of 201812488
Required:
Record the journal entries in the books of the ventures Ali and Bader and compute the ending balance of investment in AB JV by using:
Equity method of accounting.
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