Business, 30.12.2021 01:00 heyysn3858

On January 1, Cullumber Corporation purchased a 25% equity investment in Shane Corporation for $160,100. At December 31, Shane declared and paid a $80,200 cash dividend and reported net income of $358,400.Required:Journalize the transactions.

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On January 1, Cullumber Corporation purchased a 25% equity investment in Shane Corporation for $160,...

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