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Homework answers / question archive / Marketable Securities On January 3, 20x1, Matthew Corporation purchased the following equity securities as an investment

Marketable Securities On January 3, 20x1, Matthew Corporation purchased the following equity securities as an investment

Accounting

Marketable Securities On January 3, 20x1, Matthew Corporation purchased the following equity securities as an investment. The securities are classified as teadines Number of Cost of Total Company Shares Share Cost A 800 $20 $ 16,000 B 2.000 12 24,000 400 22 8,800 Prepare the journal entry to record the acquisition of the stock.

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