Which of the given is the correct equity method entry

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Question: Investor owns 40% of Investee and applies the equity method. In 2016, Investor sells merchandise costing $210,000 to Investee for $280,000. Investee's ending inventory includes $60,000 purchased from Investor. Which of the following is the correct equity method entry to record the realization of the gross profit in 2017? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132212267

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Which of the given is the correct equity method entry : Investor owns 40% of Investee and applies the equity method. In 2016, Investor sells merchandise costing $210,000 to Investee for $280,000.

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