WEEK 2 QUESTIONS
keryda1. 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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