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GAZA Corp. has following investment in securities: On Jan. 1 , Invested in $ 3 0 0 0 0 - 1 0 % bonds. the

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GAZA Corp. has following investment in securities:
On Jan. 1, Invested in $30000-10% bonds. the entry of investment will be debited to
Invested $40000 to purchase 10% of Alquds corp ordinary shares . the entry of investment will be debited to
On Dec.31, GAZA received interest. the entry will be credited to
Alquds Corp. reported net income $20000 and paid dividends $10000. GAZA entry for receiveing dividends will be credited to
Invested $100000 in purchasing 40% of RAFAH Corp. the entry of investement will be debited to
RAFAH Reported net income $200000 and paid dividends $50000. the entry of income in GAZA
Choose...
Corp. will be:
RAFAH Reported net income $200000 and paid dividends $50000. the entry of dividends received in GAZA Corp.
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