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Question - On January 1, 2020, BAM Corp. purchases 40% of outstanding stock of WIN Corporation for $150,000 and accounts for the investment using the equity method. WIN reported a net income of $50,000 for the year 2020. What would be the journal entry to record the acquisition of stock?
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What would be the journal entry to record the acquisition? Hello Company purchased equipment and furniture at a total cost of P 100,000.
market value of shares as on 31st December 1993 Rs. 16,000.
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