The accounting for equity investments changes with the amount of shares held. BF Ltd has a total of 30,000 shares outstanding. Complete the chart below to show the accounting differences between two different scenarios and how MW2 Ltd should record the transaction and balances if it owns different amounts of BF Ltd shares as a long-term investment.

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Case A: 3,600 Shares 10,500 Shares Case B: Which accounting method should be used for this long-term investment? each. No commissions. Journal entry to recognize share of $25,000 in Journal entry to recognize $50,000 in net income Journal entry to recognize the year-end market What is the balance in the investments account dividends declared and paid. declared by BF Ltd. value of $30 per share. at year end?