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P2-20 Carried at Fair Value Journal Entries LO 2-2 Marlow Company acquired 40 percent of...

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P2-20 Carried at Fair Value Journal Entries LO 2-2 Marlow Company acquired 40 percent of the voting shares of Brown Company on January 1,208, for $85,000. The following results are reported for Brown Company: 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.) Journal entry worksheet Journal entry worksheet Record the purchase of Brown Company stock. Note: Enter debits before credits. Journal entry worksheet Record the dividends from Brown Company. Note: Enter debits before credits. Journal entry worksheet Record the change in value of Brown stock. Note: Enter debits before credits. b. Give all journal entries recorded by Marlow for 209 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.) Journal entry worksheet INoce: thcer aedics Derore creaics. Journal entry worksheet Record the change in value of Brown stock. Note: Enter debits before credits

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