On January 3, KostansasCorporation purchased 5,000 shares of Morton, Incorporatedofr $40 per share. These shares...

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Accounting

On January 3, KostansasCorporation purchased 5,000 shares of Morton, Incorporatedofr $40 per share. These shares represent a40% ownership ni Morton, Incorporated Prepare hte journal entry Kostansas Corporation should record for hte purchase of this investment,

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