During the year smith earned net income of 100000 and paid
Question - The Jones Corp. purchased 40% of the common stock of Smith Corp. for $900,000. During the year Smith earned net income of $100,000 and paid total dividends of $45,000. Record all Jones Corp. entries for the year.
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question - the jones corp purchased 40 of the common stock of smith corp for 900000 during the year smith earned net
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