on june 1 2017 wostok corp wostok pur chased 1000000 common shares of griffin ltd griffin for 2000000

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a. Prepare Wostok’s journal entry to record its investment in Griffin.
b. How much would Wostok report on its May 31, 2018 income statement from this investment?
c. What amount would be reported on Wostok’s May 31, 2018 balance sheet for its investment in Griffin?

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