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Bean Corporaton purchased 35% of the outslandng shares of common stock of Wliams Corporaton an a long sorm nvestment Subseguently Wii Corporation neported net ncone
Bean Corporaton purchased 35% of the outslandng shares of common stock of Wliams Corporaton an a long sorm nvestment Subseguently Wii Corporation neported net ncone and declared and pad cash dividends What jouurmal entry woud Bean Corporation use to recod ts share of the earnngs (the reportod net ncome) of Wiams Corporaion e debil Investment in Wams Coporabon Stock, credt Cash dobit Invesbment n Wim Corporation crodit Investment reven e debt Cash, cedn Dvidend Revenue e dsbt Cash cedt investent n Was Copoaion
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