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Write the journal entry to record the investment in stem

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Question 1: Coop Inc purchased 30% of Ronny inc's outstanding common stock on 9/9/y1 for $200,000. On that date, Coop's total shareholders' equity was $500,000, and the fair value of its net assets was $600,000. Write the journal entry to record the investment in stem.

Reference no: EM132645756

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