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?
Chapter 16, Questions #8
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
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
ISBN: 978-0470534793
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