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Business, 20.07.2020 01:01 oliviaicono14

Wheat Corporation pays $ 528 comma 000 for 100 comma 000 shares to acquire 45% common stock of Grain Investments, Inc. on January 5, 2018. Wheat Corporation sells 12 comma 000 shares for $ 54 comma 000 on January 6, 2018. What is the correct journal entry for the transaction on January 6, 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

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Wheat Corporation pays $ 528 comma 000 for 100 comma 000 shares to acquire 45% common stock of Grain...
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