Thank you!! During the yoar Son Incorporate reported 5310,000 in net income...
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Accounting
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During the yoar Son Incorporate reported 5310,000 in net income and declared 515,000 in dividends. Parent Company raported 5520,000 in net inciene and declared $25,000 in dividends. Parent acoounts for their investment using the equily method Required: What journal entry will Parent make on the date of acquisition to record the lnveitment in Son lncorporate
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