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 N What is the debit side of journal entry to record income from subsidiary? Select one: a. income from subsidiary b. NCI in net in net assets c. investment d. cash Pitch Co. paid $50,000 in fees to its accountants and lawyers in acquiring Slope Company. Pitch will treat the $50,000 as. Select one: a. an expense for the current year. b. a reduction in additional paid-in capital cadditional cost to investment of Slope on the consolidated balance sheet d. a prior period adjustment to retained earnings