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Albuquerque, Inc., acquired 24,000 shares of Marmon Company several years ago for $700,000. At the acquisition date, Marmon rJournal entry worksheet Record the entry to recognize the impact of selling of 10,000 shares. Note: Enter debits before crediJournal entry worksheet < 1 2 Record the entry to recognize the impact of selling of 2,000 shares. Note: Enter debits before

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|Solution: Working: Acquisition interest at beginning (24000)/ (360000/12) Adjusted till date fair value (700000+175000) +(95

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