Solution-What is journal entry to record Pepsi share of

What is journal entry to record Pepsi share of Sprite

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Reference no: EM133129875

Question - On January 1. 2017, Cool Inc. (Pepsi) purchased 15% of the voting shares of Sprite Inc. (Sprite) for $87,000. Pepsi does not have significant influence over Sprite. Sprite' net income and declared dividends for the following three years are as follows:

	Dividends	Net Income
2019	$10,000	$70,000
2018	$70.000	$80,000
2017	$50,000	$20,000

Required - What is the journal entry to record Pepsi's share of Sprite's dividends for 2017?

Reference no: EM133129875

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What is journal entry to record Pepsi share of Sprite : Cool Inc. (Pepsi) purchased 15% of the voting shares of Sprite Inc. (Sprite) for $87,000. What is the journal entry to record Pepsi's share of Sprite dividends

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What is journal entry to record Pepsi share of Sprite

Reference no: EM133129875

Reference no: EM133129875

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