|Marlow Company acquired 40 percent of the voting shares of Brown Company on January 1, 20X8, for $85,000. The following results are reported for Brown Company:|
|Fair value of shares held by Marlow:|
|a.||Give all journal entries recorded by Marlow for 20X8 assuming that it uses the fair value method in accounting for its investment in Brown. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)|
Record the purchase of Brown Company stock.
Record the dividends from Brown Company.
Record the change in value of Brown stock.