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Unformatted text preview: Unrealized gain-Income Correct. Prepare the journal entries for Glaser Services for 2008, assum-ing Glaser can exercise significant influence over Nickels. Use the equity method. Date Account / Description Jan.1 Stock investments Cash Mar. 15 Cash Stock investments June 15 Cash Stock investments Sept. 15Cash Stock investments Dec. 15 Cash Stock investments Dec. 31 Stock investments Revenue from inv. in Nickels Co. Correct. In tabular form, indicate the investment and income statement account balances at December 31, 2008, under each method of accounting. (If answer is zero, please enter 0. Do not leave any fields blank.) Cost Method Stock Investments Common Stock Unrealized gain-Income Dividend revenue Revenue from investment in Nickels...
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This note was uploaded on 10/11/2011 for the course ACC557 ACC557 taught by Professor Na during the Spring '10 term at Strayer.
- Spring '10