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Question - James (investor) Corporation acquires 35% of the common shares of Heck (investee) Company for $300,000 on January 1, 2014. For 2014, Heck reports net income of $50,000 and paid dividends of $16,000.
(a) Prepare the entries for these transactions that James Corporation would make in the space provided below.
(b) Compute the balance in the stock investment account of James Corporation.
ROGER'S DILEMMA: A Situational Examination of Ethical Behavior in the Presence of Internal Control Deficiencies Due Monday of Week 12.
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