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Business, 01.04.2020 15:49 SpookySpooks

Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Melina stock is $5,000 and has a fair value of $6,000 on December 31 at the end of the first year it held the securities. Complete the necessary adjusting entry selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.

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Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting...
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