Roger Inc. owns 90% of the common shares of Soldier Inc. For the year ended December 31,

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Roger Inc. owns 90% of the common shares of Soldier Inc. For the year ended December 31, 20X4, Solider earned $20,000 of net income and paid $5,000 in dividends.

What is the journal entry made by Roger using the equity method to account for its share of Soldier's dividends?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470161012

9th Canadian Edition, Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

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Posted Date: Mar 26, 2024 12:00 AM

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Roger Inc. owns 90% of the common shares of Soldier Inc. For the year ended December 31,

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When using the equity method to account for investments in subsidiary com... View the full answer

Intermediate Accounting

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