Farah Corp. purchased 35% of the common stock of Dastan Co. by paying $625,000. Of this amount, $45,000 is associated with goodwill.Required: Prepare the journal entry to record Farah's investment.

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The Answer of Farah Corp. purchased 35% of the common stock of Dastan Co. by paying $625,000. Of this amount, $45,000 is associated with goodwill.Required: Prepare the journal entry to record Farah's investment.