Orbit Services, Inc. pays $780,000 to acquire 30%(150,000 shares) of the voting stock of State...
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Orbit Services, Inc. pays $780,000 to acquire 30%(150,000 shares) of the voting stock of State Investments, Inc. on January 5, 2025. State Investments, Inc. declares and pays a cash dividend of $3.40 per share on June 14. 2025 . Which of the following is the correct joumal entry for the transaction on June 14, 2025
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