Rijo Corporation uses the equity method to account for its ownership of 30% of the common stock

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Rijo Corporation uses the equity method to account for its ownership of 30% of the common stock of Pippen Packing. During 2012, Pippen reported a net income of $80,000 and declares and pays cash dividends of $10,000. What recognition should Rijo Corporation give to these events?

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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