Quiz Appendix E – Year-end Journal Entry for Equity Securities with Insignificant Influence

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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What account would be credited in the year-end journal entry for an investment in equity securities with insignificant influence that was purchased for $400,000 at the beginning of the year and has a fair value of $420,000 at the end of the year?

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