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A corporation using the cost method of accounting for its investment in a 60% owned investee, which earned $20,000 and no dividends paid What is

A corporation using the cost method of accounting for its investment in a 60% owned investee, which earned $20,000 and no dividends paid

What is the debit side of journal entry to record income from subsidiary co?

Select one:

a. no entry

b. income from subsidiary

c. investment

d. cash

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