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7 A corporation using the equity method of accounting for its investment in a 40% owned investee,which earned $20,000 and paid $5,000 in dividends ,the credit side of recording the income from subsidiary will be

Select one: a. investment b. income c. cash d. no entry

7 on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same day the y net assets was $ 140,000 ,in the same date the fair value of assets and liabilities were equal.year ended 31/12/2019 Y reported income $50,000,declared dividend $25,000,X using equity methods what is investment balance on 31/12/2019

Select one: a. 177,000 b. 200,000 c. 170,000 d. 166,000