Question 8 A owns 60% of B, which in turn owns 12% of C. A, also owns 40% of C. What percentage of earnings of Company C, if any, is attributable to shareholders of Company A? 47.2% 100% 52% O None of the answers given Question 5 2 points Save Answer On January 1, Year 9 Lev Co. ordered equipment from US.CO. OF US. The purchase price was determined to be $500,000 US. The equipment was to be delivered on March 31st, Year 9 with payment due on delivery. On January 1, Year 9 Lev Co arranged a forward contract to purchase $500,000 US on March 31st, Year 9 at a rate of US 1 = $1.31. The equipment was delivered on March 31st, Year 9, Lev Co purchased the US dollars from the bank and paid US CO. Lev Co's year-end is February 29th Date Spot rate Forward rate January 1, Year 9 US 1 = $1.30 US 1 = $1.31 February 28, Year 9 US 1 = $1.31 US 1 = $1.33 March 31, Year 9 US 1 = $1.28 US 1 = $1.28 Required Assume the forward contract is designated as a Cash Flow hedge. What would be the journal entry on Feb 28th, Year 9