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(TCO 5) If Parent Company exercises significant influence over Subsidiary Company and owns 28% of its common stock, then Parent Company a. would record dividends
(TCO 5) If Parent Company exercises significant influence over Subsidiary Company and owns 28% of its common stock, then Parent Company |
a. would record dividends received from Subsidiary Company as investment revenue. b.would increase its investment account when Subsidiary Company declares dividends. c. would record 28% of the net income of Subsidiary Company as investment income each year. d. All of the above
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