Kayser SE owns 25% of Plano Company. For the current year, Plano reports net income of 190,000

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Kayser SE owns 25% of Plano Company. For the current year, Plano reports net income of €190,000 and declares and pays a €40,000 cash dividend. Record Kayser’s equity in Plano’s net income and the receipt of dividends from Plano.

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

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

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Question Posted: Jun 26, 2019 09:45 AM

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Kayser SE owns 25% of Plano Company. For the current year, Plano reports net income of 190,000

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Dec 31 Share Investments 25 X 19...View the full answer

Accounting Principles

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