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Pacquired 80% of S company. During the year, S reported net income 6000 JD and declared dividends 2000 JD. P uses equity method. The eliminating
Pacquired 80% of S company. During the year, S reported net income 6000 JD and declared dividends 2000 JD. P uses equity method. The eliminating entry for dividends: Select one: a. Dr. Investment 2000 Cr. Dividends declared 2000 b. Dr. Investment 6000 Cr. Dividends declared 6000 c. Dr. Investment 1600 Cr. Dividends declared 1600 d. Dr. Investment 4800 Cr. Dividends declared 4800
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