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Prepare the entries for martinez to record the purchase

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Question - On January 1, 2020, Martinez Corporation purchased 30% of the common shares of Sandhill Company for $182,000. During the year, Sandhill earned net income of $95,000 and paid dividends of $23,750.

Required - Prepare the entries for Martinez to record the purchase and any additional entries related to this investment in Sandhill Company in 2020.

Reference no: EM133179324

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