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can anyone pls help me solve this question. this is for my ongoing exam.can you pls solve it within 45 minutes.Thank you so much On
can anyone pls help me solve this question. this is for my ongoing exam.can you pls solve it within 45 minutes.Thank you so much
On January 1, 2021, Skysong Corporation purchased 26% of the common shares of Waterway Limited for $404000. During 2021. Waterway Limited paid cash dividends of $66000 and had profit of $290000. During the same period, Skysong earned $497000 and paid dividends of $128000. Both corporations have a December 31 year end. On December 31, 2021, the balance in Skysong's Investment in Associate-Waterway Common Shares account is O $608620. O $462240. $404000. O $163280. Attempts: 0 of 1 used Submit Answer Save for Later
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