Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On 1/1/2020 Company Pacquired 80% of Company S.for 120000 JD. On 31/12/2021 Company S declared dividends 54000 JD. Using cost method P will record dividends

image text in transcribed

On 1/1/2020 Company Pacquired 80% of Company S.for 120000 JD. On 31/12/2021 Company S declared dividends 54000 JD. Using cost method P will record dividends income: Select one: O a. 40800 O b. 41600 O c. 42400 O d. 43200 W Activate Windows

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

Students also viewed these Accounting questions

Question

Distinguish between an immersed and a submerged body.

Answered: 1 week ago