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Prepare necessary journal entries for metlock corporation

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Reference no: EM133158314

Question - On January 1, Metlock Corporation purchased 35% of the outstanding shares of Selig Company for $205,200. At December 31, Selig declared and paid a $54,000 cash dividend and reported net income of $86,400. Prepare the necessary journal entries for Metlock Corporation.

Reference no: EM133158314

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