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Prepare the entries for meredith to record the purchase

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1. Equity Method On January 1, 2010, Meredith Corporation purchased 25% of the common shares of Pirates Company for $200,000. During the year, Pirates earned net income of $80,000 and paid dividends of $20,000. Prepare the entries for Meredith to record the purchase and any additional entries related to this investment in Pirates Company in 2010. 

Reference no: EM131116247

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