pild cauh dividends What journal entry would Bean Corporation use to record t in Walsams Corporation; credit Cash t in winiams Corporation; credit income of Willams Corporation as a long-terns investment. Subsequently, Williams Corporation reported net income the dividends it receives waliams Corporation oredit Dividend Revenue debit investment d. debit Cash; credit investment in Williams Corporation ?. Low Company owns 40% of the woting stock of High Corporation and uses the equity method in recerding this investment. High Corporation reported a $10,000 net los. Low Corporation's entry a. Debit to the investment account for $10,000 b. Debit to the investment account for $4,000 c. Credit to the investment account for $4,000 d. Debit to a loss account for $4,000 eeson company owns 83% of the outstanding stock of Taylor Company. Patterson Company is referred to as the a. parent b. minority interest c. affiliate d. subsidiary ef 9.The company's accounting year ends December 31. Use the data for 9 and 10 Date of Cost Fair value Date Selling 12/31/13sold price Investment acquisition ,000 35,000 2/10/14 $32,000 11/15/13 26,000 16.500 1/17/14 23,000 Ajax Company stock 6/20/13 $4 Bril CorporationstockS/1/13 20,000 Coy Company stock 8213 16,000 16.500 20.000 N/A If the above investments are categorized as trading securities, what amount is reported for gain or loss on securities, on the 2013 income statement? a. $1,500 gain b. $6,000 gain c. no gain or loss d. $4,500 loss 10. If the above investments are categorized as trading securities, what amount is reported for gain or oss on securities, on the 2014 income statement? a. $1,000 loss b. $4,000 loss c. $3,500 gain d. $6,000 loss Which of the following is not a role of accounting in business