Prepare ayayais journal entry to record the purchase

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Problem

Ayayai Corporation purchased 300 common shares of Burke Inc. for $23,370 and accounted for them using FV-OCI. During the year, Burke paid a cash dividend of 53.40 per share. Get the instant assignment help. At year end, Burke shares had a fair value of $74.30 per share. Prepare Ayayai's journal entry to record the purchase of the investment.

Reference no: EM133922994

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