Diaz Corporation uses the equity method to account for its ownership of 25% of the common stock
Question:
Diaz Corporation uses the equity method to account for its ownership of 25% of the common stock of Victor Packing. During 2006 Victor reported a net income of
$80,000 and declares and pays cash dividends of $10,000.
What recognition should Diaz Corporation give to these events?(SO 4)
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Related Book For 
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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