Prepare the journal entry to record farahs investment


Problem

Farah Corp. purchased 35% of the common stock of Dastan Co. by paying $625,000. Of this amount, $45,000 is associated with goodwill.

Task

Prepare the journal entry to record Farah's investment.

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Accounting Basics: Prepare the journal entry to record farahs investment
Reference No:- TGS03352272

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