Prepare the journal entry to record farahs investment
Problem
Farah Corp. purchased 35% of the common stock of Dastan Co. by paying $625,000. Of this amount, $45,000 is associated with goodwill.
Task
Prepare the journal entry to record Farah's investment.
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Farah Corp. purchased 35% of the common stock of Dastan Co. by paying $625,000. Prepare the journal entry to record Farah's investment.
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