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The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10 Purchased 4,400 s
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Answer #1
Apr 10 Investments - Dixon 220,115
Cash 220,115
(4,400*50)+115
July 8 Cash 2860
Dividend revenue 2860
(4400*0.65)
Sep 10 Cash (1200*41)-90 49,110
Loss on sale of investment 10,921
Investment - Dixon 60,031

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