Large Company bought 25% of voting stock of Tiny Company for $100,000 cash on January...
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Accounting
Large Company bought 25% of voting stock of Tiny Company for $100,000 cash on January 01, 2019, and met the criterion or criteria to use equity method. For 2019, Tiny Company reported $20,000 net income and paid $1,000 cash dividend on December 31, 2019.
Prepare a journal entry or entries on the following dates showing computations in short form.
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