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Home / Questions / On May 20 2013 Montero Co paid $ 1000000 to acquire 25000 common shares 10% of ORD Corp. a...

On May 20 2013 Montero Co paid $ 1000000 to acquire 25000 common shares 10% of ORD Corp. as a long- term investment. On August 5 201 Montero sold

On May 20, 2013, Montero Co. paid $ 1,000,000 to acquire 25,000 common shares (10%) of ORD Corp. as a long- term investment. On August 5, 2014, Montero sold one-half of these shares for $ 625,000. 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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