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Balance sheet and income statement of a company

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Reference no: EM131041216

Explain how the balance sheet and income statement of a company are affected in each of the following independent situations when the investment is accounted for using the equity method.

  • The company they invested in earns a profit for the year
  • The company they invested in has a net loss for the year
  • The company they invested in pays a cash dividend

Reference no: EM131041216

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