BUSI 1043 (Unit 8) Quiz 3 - Quiz 3(Unit 8 Student\u2019s name Dagma Thomas Student\u2019s id 2019060297 Question 1(15 marks On January 2 Dundar Mifflin

BUSI 1043 (Unit 8) Quiz 3 - Quiz 3(Unit 8...

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Quiz 3 (Unit 8) Student’s name: Dagma Thomas Student’s id: 2019060297 Question 1 (15 marks)On January 2, Dundar Mifflin acquired 30% of the outstanding stock of Steve & Company for $105,000. For the year ending, December 31, Steve & Company earned income of $68,000 and paid dividend $16,000. 1.Prepare the entries for Dundar Mifflin for the purchase of the stock, share of Steve & Company income and dividends received from Steve & Company.

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