Prepare the journal entry to record aqua''s investment


Aqua Corp. purchased 30% of the common stock of Marcus Co. by paying $500,000. Of this amount, $50,000 is associated with goodwill.

Required: Prepare the journal entry to record Aqua's investment.

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Accounting Basics: Prepare the journal entry to record aqua''s investment
Reference No:- TGS072961

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