Waldo Company owns 30% of Randy company. During 2017, Randy reported earnings of 650,000 and paid cash
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Waldo Company owns 30% of Randy company. During 2017, Randy reported earnings of 650,000 and paid cash dividends of 345,000. What effect would this have on Waldo's investment account and net income?
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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