Journalize the transactions-cash dividend given
On January 1, Vince Corporation purchased a 25% equity in Morelli Corporation for $180,000. At December 31, Morelli declared and paid a $60,000 cash dividend and reported net income of $200,000.
Journalize the transactions.
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Suppose there are two consumers, A and B.Suppose the price of Y, PY = 1. Calculate the price of X, PX that will lead to a competitive equilibrium.
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Marge's auto, which is used for business purposes only, is totally destroyed by a fire. The fair market value of the auto was $8,000 at the time of the fire and the adjusted basis was $10,000. Calculate the loss, and determine whether it is a dedu
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