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I NEED ANDSWER IN TABLES Q 3 - Z Incorporation acquired significant influence over Y Company by purchasing 1 0 0 percent of the common
I NEED ANDSWER IN TABLES
Q Z Incorporation acquired significant influence over Y Company by purchasing percent of the common stock of the Y Incorporation for $; Y earns income of $ and pays dividends of $ marks
Required: Pass Journal Entries To Update The Investment Account In Y Incorporation Using Equity Method And Cost Method.
Q Given the Following Information for marks
Z owns of Y
Y net income for is $
Y declares dividends of $ during
Y has shares of $ par value per stock outstanding that issued for $ per share.
Y beginning balance in Retained Earnings for is $
Required: Prepare Basic Elimination Entry Using Equity Method
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