What would be the journal entry to record the acquisition

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Reference no: EM133378882

Question: On January 1, 2015, Mark Company purchases 30% of outstanding stock of Global Corporation for $95,000 and accounts for the investment using the equity method. Global reported a net income of $30,000 for the year 2015. What would be the journal entry to record the acquisition of stock?

Reference no: EM133378882

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