The accounting for equity investments changes with the amount of shares held. Hughes Ltd has a total of 35,000 shares outstanding. Complete the chart below to show the accounting differences between two different scenarios and how Soochow Corp should record the transaction and balances if it owns different amounts of Hughes Ltd shares as a long-term investment:

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Case A: 3,800 Shares Case B 11,900 Shares Which accounting method should be used for Journal entry to record purchase of shares at Journal entry to recognize share of $40,000 in Journal entry to recognize $75,000 in net Journal entry to recognize the year-end market What is the balance in the investments account this long-term investment? $35 each. No commissions. dividends declared and paid. income declared by Hughes Ltd. value of $34 per share. at vear end?