TERRA in 10 COLI Supporto !! Subscriptions Finish attempt P PALITY It is often said that for every seller there is a buyet. Now, assume that Corporation purchases buy less than 20% of the stocks of another Corporation *** at January 1, 2020, and does not ort significant influence over corporation Dividends are paid once per year at December 31, of each year ca) What method should be used by Corporation A to account for the investment? {b} What accounts would Corporation A debit and credit at the time of purchase of the investment and how will the amounts in the accounts be determined to What accounts will Corporation A debit and credit for dividends received as of December 31, 2020, and how will the amount be determined? Using the same facts as in Part 1 above but this time, assume that Corporation A exerts significant influence over Corporation B by purchasing between 20w and 50% of the stocks of Corporations anuary 12020 () What method would be used by Corporation A to account for the investment (b) What accounts would Corporation A debit and credit at the time of purchase of the investment and how will the amounts in the accounts be determined? (aWhat accounts win Corporation A debit and credit for dividends received as of December 31, 2020, and how will the amount bor determined? PART 2 Type here to search DAG 12:17 PM 4/12/21