Question: Equity Method, Year Subsequent to Acquisition Continue the situation in Exercise 4-6 and assume that during 2003 Sales Company earned $190,000 and declared and paid

Equity Method, Year Subsequent to Acquisition Continue the situation in Exercise 4-6 and assume that during 2003 Sales Company earned $190,000 and declared and paid a $50,000 dividend. LO6 Required:
A. Prepare the investment-related entries on Pert Company’s books for 2003.
B. Prepare the workpaper eliminating entries for a workpaper on December 31, 2003.

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