Question
A corporation using the cost method of accounting for its investment in a 40% owned investee,which earned $20,000 ,the credit side of recording the income
A corporation using the cost method of accounting for its investment in a 40% owned investee,which earned $20,000 ,the credit side of recording the income from subsidiary will be
Select one:
a. no entry
b. cash
c. investment
d. income
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th Edition
1266796851, 9781266796852
