Question
A 30% ownership interest in an investee is being accounted for uning the equity method. If the investee reports $250,000 of income, and pays
A 30% ownership interest in an investee is being accounted for uning the equity method. If the investee reports $250,000 of income, and pays $100,000 of dividends for the curent year, the net effect of the entries made by the investor will be to OA. reduce the Investment in Common Shares account by $150.000 OB. Increase the Investment in Comman Shares account by $150 000 OC. reduce the Investment in Common Shares account by $45,000 OD increase the Investment in Common Shan account by $45,000 GID
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