Business, 31.05.2021 21:10 pheonixhowls
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.
Required:
Write the necessary adjusting entry.
Answers: 3
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