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Land Services, Inc. owns 32% of voting stock of World Investments, Inc. During the year 2018, World Investments, Inc. earned profits of $320,000. Under the
Land Services, Inc. owns 32% of voting stock of World Investments, Inc. During the year 2018, World Investments, Inc. earned profits of $320,000. Under the equity method, which of the following journal entries will Land Services record? A) Equity Investments-World Investments, Inc. Cash 320,000 320,000 B) Cash Dividend Revenue 102,400 102,400 C) Cash 102,400 Equity Investments-World Investments, Inc. 102,400 D) Equity Investments-World Investments, Inc. 102,400 Revenue from Investments 102,400
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