Business, 24.09.2019 15:30 alyssa0888

On january 10, acme ventures inc. purchased 30% of the outstanding stock of gamma ray manufacturing corp. the purchase has 30,000 shares at $10 per share. acme received dividends from gamma ray in the amount of $15,000 on june 15 and again on december 15. gamma reported net income for the year ended december 31 in the amount of $250,000. what is the journal entry, if any, that acme needs to make dated december 31

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On january 10, acme ventures inc. purchased 30% of the outstanding stock of gamma ray manufacturing...

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