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11 1.00 P acquired 85% of S. during the year, S reported net income 6000 JD and declared dividends 2000 JD. P uses equity method.
11 1.00 P acquired 85% of S. during the year, S reported net income 6000 JD and declared dividends 2000 JD. P uses equity method. The eliminating entry for dividends a. Dr. Investment 2000 Cr. Dividends O declared 2000 b. Dr. Investment 6000 Cr. Dividends O declared 6000 c. Dr. Investment 5100 Cr. Dividends O declared 5100 d. Dr. Investment 1700 Cr. Dividends O declared 1700 12 1.00
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
