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On June 30, 2015, MetroMedia, Inc., purchased 10,000 shares of Mitek stock for $ 20 per share. The following information pertains to the fair value of Mitek stock:
Per Share
12/ 31/ 2015…$ 24
12/ 31/ 2016... 31
Required:
Assume that management considers the stock to be available- for- sale securities. Prepare the journal entries required on each date given.
united co. has the following account balancescash 60000 accounts receivable 25000 allowances of uncollectible accounts
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1.the inventory systems that uses the merchandise inventory account as an active account is called?a. periodic
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