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Albuquerque, Inc., acquired 36,000 shares of Marmon Company several years ago for $720,000. At the acquisition date, Marmon r

Journal entry worksheet Record the entry to recognize the impact of selling of 8,000 shares. Note: Enter debits before credit

Journal entry worksheet Record the entry to recognize the impact of selling of 5,000 shares. Note: Enter debits before credit

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Solution 840000 1040000 Working Adfultion Interest wat beganning ( 36000)/440000/1] = 90% Adjusted till date fair value [ 720working. Acquisition Interest at beginning (36000)/(440000/11) = 90% Adjusted till date fair value 840000 [ 7200000 + 80000]+

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