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Question - On December 31, a business has a long-term investment that qualifies an equity security with significant influence. The business owns 25% of the voting stock of the investee.
A. On December 31, assume the investee reports a net income of $100,000 for the year. Please help create necessary journal entries on the books of the investor on December 31.
B. On December 31, assume the investee reports a net loss of $50,000 for the year. Please help create necessary jornal entries on the books of the investor on December 31.
C. On December 31, assume the investee pays a $2,000 cash dividend to the investor. Please help create necessary journal entries on the books of the investor on December 31.
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations.
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the dunder mifflin company has total assets of 247848000 current liabilities of 68208200 and long-term liabilities
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What kinds of organizations, in addition to businesses, use accounting information?
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In Metro's current year cash flow statement, the reported net cash provided by operating activities under the indirect method should be:
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