How will? angel net income be recorded by? jardon, Accounting Basics

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How will? angel net income be recorded by? jardon

Question: Jardon Jewelers purchased? 3,000,000 of the outstanding? 10,000,000 shares of Angel? & Associates. At the time of the? acquisition, the book value of? Angel's net assets equals their fair market value. Angel declared Net Income of $ 4 comma 250 comma 000 for the year. How will? Angel's Net Income be recorded by? Jardon?

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Accounting Basics: How will? angel net income be recorded by? jardon

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Accounting Basics: How will? angel net income be recorded by? jardon

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