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Home / Questions / On May 20 2011 Alexis Co paid $750000 to acquire 25000 common shares 10% of TKR Corp. as a...

On May 20 2011 Alexis Co paid $750000 to acquire 25000 common shares 10% of TKR Corp. as a long-term investment On August 5 2012 Alexis sold one half of these shares for

On May 20, 2011, Alexis Co. paid $750,000 to acquire 25,000 common shares (10%) of TKR Corp. as a long-term investment. On August 5, 2012, Alexis sold one-half of these shares for $475,000. What valuation method should be used to account for this stock investment? Prepare entries to record both the acquisition and the sale of these shares.

May 22 2020 View more View Less

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