(a)In Chapter 15 we focused on the sale of equity securities (stocks) by a corporation. It is often said that for every seller there is a buyer. In chapter 17 we focused the buyer of the securities. Now, assume that Corporation A purchases (buys) less than 20% of the stocks of another Corporation B at January 1, 2020, and does not exert significant influence over corporation B, What method would be used by Corporation A to account for the investment?:

(b) What accounts would Corporation A debit and credit at the time of purchase of the investment and how will the amounts in the accounts be determined?

(c) What accounts will Corporation A debit and credit for dividends received, as of June 30, 2020, and how will the amounts be determined?

(d) How will the accounting be done by Corporation A at the end of the year, December 31, 2020 to account for the investment?

(e) What accounts would be debited or credited at the end of the year?

And (f) how will the amounts be determined at the end of the year for these accounts?