Noreen Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of...
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Noreen Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Morton Company (10%) for $34,000 cash. June 1 Received cash dividends of $2 per share on Horton shares. Oct. 1 Sold 1000 Horton shares for $16,000. The entry to record the sale of the shares would include
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