accounting

Project Description:

blanton corporation purchased 17% of the outstanding shares of common stock of worton corporation as a long-term investment. subsequently, worton corporation reported net income and declared and paid cash dividends. what journal entry would blanton corporation use to record the purchase of worton corporation common stock?
answer

debit investment in worton corporation; credit cash

debit cash; credit dividend revenue

debit investment in worton corporation; credit income of worton corporation

debit cash; credit investment in worton corporation
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
Total Proposals: 8
1 Current viewersl
19 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.4
    12 Jobs 9 Reviews
    $0 in 0 Day
  • 4.8
    546 Jobs 386 Reviews
    $0 in 0 Day
  • 5.0
    49 Jobs 21 Reviews
    $6 in 0 Day
  • 5.0
    4 Jobs 2 Reviews
    $8 in 0 Day