Question
On 01/01/2013, Yaro Company owns 30% of the common stock of Dew Co. with $450,000 cash and 10,000 shares ($1 face value and $15 market
On 01/01/2013, Yaro Company owns 30% of the common stock of Dew Co. with $450,000 cash and 10,000 shares ($1 face value and $15 market value) that are issued acquire the Dews shares. Assume that Yaro gain significance influence over Dew.
What counting method should Yaro use to record its investment? What are the journal entries for Yaro and Dew to document the investing decision on 01/01/2013 respectively?
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Todays Mood Is Sponsored By Auditing
Authors: Ruby Publishing
1st Edition
B08BG52SST, 979-8655512771
