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Business, 14.12.2019 06:31 tfracciscoramon

Base electronics buys 5,000 shares of stock in blue mission company for $10 per share on january 2 of the current year. base owns 34% of blue mission voting stock and intends to hold on to it for several years. on december 31, the end of the current year, blue mission had $100,000 in net income. what is the journal entry for base electronics to record their share of net income of blue mission company?

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