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Question 18 Not yet answered Marked out of 1.00 P Flag question Pacquired 85% of S. during the year, S reported net loss 10000 JD

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Question 18 Not yet answered Marked out of 1.00 P Flag question Pacquired 85% of S. during the year, S reported net loss 10000 JD and declared dividends 4000 JD. P uses equity method. The eliminating entry for equity income: Select one: a. Dr. Investment 3400 Cr. Equity income 3400 b. Dr. Equity income 4000 Cr. Investment 4000 c. Dr. Equity income 8500 Cr. Investment 8500 d. Dr. Investment 8500 Cr. Equity income 8500 Previous page Next page

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