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Business, 26.05.2021 16:40 aroland1990x

Flint Co. had purchased 230 shares of Washington Co. for $37 each this year (Oregon Co. does not have significant influence). Flint Co. sold 115 shares of Washington Co. stock for $41 each. At year-end, the price per share of the Washington Co. stock had dropped to $31. Prepare the journal entries for these transactions and any year-end adjustments.

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Flint Co. had purchased 230 shares of Washington Co. for $37 each this year (Oregon Co. does not hav...

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