Question
DustyBins (DB) owns 19% of Markolin (M). DB is a major customer of M. DB has 6 members on M's board with another 14 from
DustyBins (DB) owns 19% of Markolin (M). DB is a major customer of M. DB has 6 members on M's board with another 14 from other organizations.
By the end of the year, M incurred a loss of 370300 and paid dividends of 126500. DB has recorded a dividend revenue of 9775.
Under ASPE, is this the correct recording for the cost model or equity model? If not, how should it be done?
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The Fraud Audit Responding To The Risk Of Fraud In Core Business Systems
Authors: Leonard W. Vona
1st Edition
0470647264, 978-0470647264
