Question
A corporation using the equity method of accounting for its investment in a 60%owned investee, which earned $20,000 and paid $5,000 in dividends What is
A corporation using the equity method of accounting for its investment in a 60%owned investee, which earned $20,000 and paid $5,000 in dividends What is the debit side of elimination entry of NCI in net income ?
Select one:
a. cash
b. investment
c. NCI in net income
d. NCI in net assets
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
