Rijo SA uses the equity method to account for its ownership of 30% of the ordinary shares
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Rijo SA uses the equity method to account for its ownership of 30% of the ordinary shares of Pippen Packing. During 2020, Pippen reported a net income of €80,000 and declares and pays cash dividends of €10,000. What recognition should Rijo give to these events?
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Since Rijo SA uses the equity method the income reported by Pippen Packing 80000 ...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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