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Question 9 5 points Saved Seseg Appliances owns 90% of the voting stock of Juan Co. Of the three following statements, which of the statements
Question 9 5 points Saved Seseg Appliances owns 90% of the voting stock of Juan Co. Of the three following statements, which of the statements are true? Statements: (1) The financial statements of Seseg would be consolidated into Juan (2) Seseg would be considered the parent entity (3) Juan would be considered the parent entity A. 1 is true B. 2 is true C. 3 is true D. None of the above are true Question 10 5 points A company invested $50,000 in Gibbs Co. stock. The investment represented 5% of the voting stock of Gibbs Co. If the Gibbs Co. stock investment paid dividends, what account would be credited? A. Equity Investments B. Dividend Revenue C. Interest Revenue D. Cash E. None of the above
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