P acquired 70% of S company. During the year, S reported net loss XXXXXXXXXXJD and declared dividends 4000 JD. P uses equity method. The eliminating entry for equity income (loss): Select one: a. No...


P acquired 70% of S company. During the year, S reported net loss (15000) JD and declared dividends 4000 JD. P uses equity method. The eliminating entry for equity income (loss):


Select one:


a. No entry

b. Dr. Investment 10500 Cr. Equity income 10500

c. Dr. Equity income 10500 Cr. Investment 10500

d. Dr. Investment 2800 Cr. Equity income 2800




Jun 02, 2022
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