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Journalizing stock
How do you write an journal entry for thos problem?100000 shares of stock c. Stock c was acquired on march 1 2012 for $15 per share,which is 30% of the outstanding stock of c corporation. on December 31,2012 the market price of the stock was $16.25 per share. C corp. Had income of 560,000 during 2012 and paid dividends of $80000 on dec 30,2012
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