Solved: So assume we own 10 of another company that company has, Financial Accounting

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So assume we own 10 of another company that company has

1. Let's assume you own 40% of another company. That other company has net income of $100,000 and pays out total dividends of $80,000.

What is our journal entry(ies)?

2. So assume we own 10% of another company. That company has net income of 80,000 ans makes dividend distributions of 50,000.

What is our journal entry(ies)?

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Financial Accounting: So assume we own 10 of another company that company has

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Financial Accounting: So assume we own 10 of another company that company has

Reference No:- TGS01529663

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