Question
If a parent is using the cost method, what would be the appropriate journal entry for recording a cash dividend paid to it by
If a parent is using the cost method, what would be the appropriate journal entry for recording a cash dividend paid to it by their subsidiary? O Debit Investment in Sub & Credit Cash O Debit Cash & Credit Investment in Sub O Debit Dividend Income & Credit Cash Debit Cash & Credit Dividend Income
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259728877, 1259728870, 978-1259565403
