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What is our journal entryies
Course:- Financial Accounting
Reference No.:- EM131146339





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Assignment Help >> Financial Accounting

1. 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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