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Required information [The following information applies to the questions displayed below.] Below are selected T-accounts related to equity investments for William Company. 1/1 Balance Purchase
Required information [The following information applies to the questions displayed below.] Below are selected T-accounts related to equity investments for William Company. 1/1 Balance Purchase Share of affiliate's earnings Investments 83,636 12,854 ? 10,107 Share of affiliate's dividends 12/31 Balance 89, 430 Equity in Investee Earnings 0 1/1 Balance Share of affiliate's earnings 3,047 12/31 Balance ? d. What would be reported on the balance sheet related to the investments in affiliates on December 31? e. What would be reported on the income statement for the year? Complete this question by entering your answers in the tabs below. Required D Required E What would be reported on the balance sheet related to the investments in affiliates on December 31? WILLIAM COMPANY Balance Sheet (Partial) At December 31, Current Year Assets: Required D Required E What would be reported on the income statement for the year? WILLIAM COMPANY Income Statement (Partial) For the Year Ending December 31, Current Year Other items
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