What effect would this have on the investment account


poster in. owns 35% of elliott corp. during the calendar year 2003, elliott had net earnings of 300,000 and paid idividends of 36,000. poster mistakenly accounted for the investment in elliott using the cost method rather than the equity method of accounting. what effect would this have on the investment account and net income respectively

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Accounting Basics: What effect would this have on the investment account
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