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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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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