An annual report of The Campbell Soup Company reported on its income statement $2.4 million as equity

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An annual report of The Campbell Soup Company reported on its income statement $2.4 million as “equity in earnings of affiliates.” Prepare necessary entry that Campbell would have made to record this equity in earnings of affiliates.


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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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