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What are two major challenges in accounting for io

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Reference no: EM131534847

Question: 1. Under what circumstances does a company prepare consolidated financial statements?

2. What are two major challenges in accounting for international operations(IO)?

3. On April 18, Dice Co. made a short-term investment in 500 common shares of XLT Co. The purchase price is $45 per share and the broker's fee is $150. The intent is to actively manage these shares for profit. On May 30, Dice Co. receives $1 per share from XLT in dividends. Prepare the April 18 and May 30 journal entries to record these transactions.

Reference no: EM131534847

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