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Exercise 5C : Accounting for the Income of a Subsidiary Meat Wad Inc. Who is 100% owned by Frylock Inc., reports the following income and
Exercise 5C : Accounting for the Income of a Subsidiary Meat Wad Inc. Who is 100% owned by Frylock Inc., reports the following income and dividend results for 202X: a) Record the 202X journal entries made by Frylock to account for the income/ dividends of Meat Wad using the Cost Method of accounting for the income of a subsidiary by selecting the proper account to be debited or credited using the drop down menu, and then entering the proper amounts in the gray-shaded cells. When the correct account is selected and the correct amount is entered, the cell wil change color: 3) Record the 2020 journal entries made by Frylock to account for the income / dividends of Meat Wad using the Simple Equity Method of
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