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  3. motorcity, inc. purchased 51,000 shares of shaw co

MotorCity, Inc. purchased 51,000 shares of Shaw common stock for $254,000. This represents 40% of...

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Accounting

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MotorCity, Inc. purchased 51,000 shares of Shaw common stock for $254,000. This represents 40% of the outstanding stock The entry to record the transaction includes a Multiple Choice Credit to Equity Method Investments for $254.000 Debit to Equity Method investments for $254.000 Debit to Short Term Investment AFS for $254 000

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