Affiliated Companies Suppose P company owns 30% of S company. S company earns $200,000 and pays total
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Affiliated Companies Suppose P company owns 30% of S company. S company earns $200,000 and pays total dividends of $50,000 to its shareholders. What appears in the consolidated income statement of P company as a result of S company's activity? What would be the change in the account titled Investment in equity affiliates on P company's balance sheet?
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Related Book For 
Introduction To Financial Accounting
ISBN: 0131479725
9th Edition
Authors: Charles T Horngren, John A Elliott
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