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1. Sol Corporation acquired 10% of the 100,000 ordinary shares of C Electronics at a total cost of $15 per share on Dec 1, 20

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3 CASE A IF SHARE INVESTMENT IS CLASSIFIED AS TRADING 4 Debit (S) 5 JOURNAL ENTRIES Particul Credit (S 1 01-12-2018INVESTMENT16 CASE B IF SHARE INVESTMENT IS CLASSIFIED AS NON TRADING 17 18 Credit ($) 19 JOURNAL ENTRIES Particulars Debit (S) 20 1 01-2 Journal entries Particulars Credit ($) 3 Date Debit ($) Stock investment in K Corp 4 Jan 1 2018 500000 Cash (50000 10) (To

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1. Sol Corporation acquired 10% of the 100,000 ordinary shares of C Electronics at a total cost of $15 per share on Dec 1, 2018. On December 30, C Electronics declared and paid a $50,000 dividend....
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