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On January 1, 2014, Red Deer Corporation Paid $360,000 to Purchase

Question 82

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On January 1, 2014, Red Deer Corporation paid $360,000 to purchase 32% of the outstanding voting stock of English Court Corporation. The equity method is used to account for the investment. The following data relate to this investment.
2014
On January 1, 2014, Red Deer Corporation paid $360,000 to purchase 32% of the outstanding voting stock of English Court Corporation. The equity method is used to account for the investment. The following data relate to this investment. 2014 Prepare all journal entries for 2014 and 2015 relating to Red Deer Corporation's investment in English Court Corporation. Prepare all journal entries for 2014 and 2015 relating to Red Deer Corporation's investment in English Court Corporation.

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