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Business, 17.07.2019 16:10 Simplytaylorgrenade

Montero co. holds 100,000 common shares (40%) of ord corp. as a long-term investment. ord corp. paid a $100,000 dividend on november 1, 2017, and reported a net income of $700,000 for 2017. prepare entry to record the receipt of the dividend and the december 31, 2017, year-end adjustment required for the investment account.

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Montero co. holds 100,000 common shares (40%) of ord corp. as a long-term investment. ord corp. paid...
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