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I 5. Oregon Co. had purchased 200 shares of Washington Co. for $6,000 (Oregon Co. does not have significant influence).
Posted: Fri Jul 01, 2022 8:44 am
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- I 5 Oregon Co Had Purchased 200 Shares Of Washington Co For 6 000 Oregon Co Does Not Have Significant Influence 1 (47.58 KiB) Viewed 29 times
I 5. Oregon Co. had purchased 200 shares of Washington Co. for $6,000 (Oregon Co. does not have significant influence). Oregon Co. sold 75 shares of Washington Co. stock for $40 each. At year-end, the price per share of the Washington Co. stock had decreased to $25. Prepare the journal entries for these transactions and any year-end adjustments. (15 p.ts)