Calculate the gain on this investment & masters 2002 incomes.

Masters required 30% of continental furniture.

Equity methods between the 20 and 50, $400,000.

During 2001 content was over 40,000 and paid dividends of 25,000, masters 30% continental master the ability to exercise significant influence.

Over continentals accounting and financial policies, during 2002 content or 50,000 and pay dividends of 15,000 and another 15,000 in October.

On January 1, 2002, masters sold half of chares in content for 66,000 shares.

Answer rating: 100% (QA)

Step 11 Step 1 Accounting for investments When a company acquires between 20 to 50 of the shares of another entity the acquiring entity is considered ... View the full answer