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Question 15 (3 points) Darton Company reported net income of $100,000 for the year. The journal enty to record this transaction is Debit- -Cash,
Question 15 (3 points) Darton Company reported net income of $100,000 for the year. The journal enty to record this transaction is Debit- -Cash, 30,000; Credit- -Income from Investee, 30,000 O No entry required. Debit--Investment, 30,000; Credit- -Income from Investee, 30,000 Debit--Investment, 100,000; Credit- -Income from investee, 100,000
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
