PART 1 It is often said that for every seller there is a buyer. Now, assume that Corporation purchases huiless than 20% of the stocks of another Corporation Tatry 1, 2020 and does not ever significant influence over corporation Dividends are paid once per year at December 31, of each year, ta) What method should be used by Corporation Ato account for the investment? (b) What accounts would Corporation A debit and credit at the time of purchase of the investment and how will the amounts in the accounts be determined? to What accounts will Corporation A debit and credit for dividends received, as of December 31, 2020, and how will the amount be determined PART 2 Using the same facts as in Part 1 above, but this time, assume that Corporation exerts significant influence over Corporation by purchasing between 20 and son of the stocks of Corporation at January 1, 2020, (a) What method would be used by Corporation A to account for the investment (b) What accounts would Corporation Adebit and credit at the time of purchase of the westment and how will the amounts in the accounts be determined? (c) What accounts will Corporation A debit and credit for dividends received as of December 31, 2020, and how will the amount be determined B 1 U S x 1 X a BI Type here to March O os 11 TAM 42/