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Business, 17.03.2020 05:00 queentynaisa

17-07Marigold Corporation purchased for $326,000 a 30% interest in Murphy, Inc. This investment enables Marigold to exert significant influence over Murphy. During the year, Murphy earned net income of $174,000 and paid dividends of $60,000.Prepare Marigold’s journal entries related to this investment.

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17-07Marigold Corporation purchased for $326,000 a 30% interest in Murphy, Inc. This investment enab...
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