Advanced Accounting
Advanced Accounting
12th Edition
ISBN: 9781305084858
Author: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Publisher: Cengage Learning
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Chapter 2, Problem 2.4.1P
To determine

Introduction: Purchasing 80% interest in Express Corporation means Penson Enterprises purchased 80% control over it.

To record: Investment in Express Corporation

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