* Dashboard My courses 20202 - General - Question 16 Under the acquisition method a combination is recorded using the fair-value principle Not yet answered Maried out of 100 Select one: True False Flag question Previous page Next page Return to General ENG 40 - UsoNorth Kat Palestine Tube * Dashboard My courses 20202 - - General - Question 17 Not yet answered P Corporation bought 100% of s Company's common stock at its book value of $400,000 on January 1, 2014. During 2014, s reported net income of $130,000 and paid dividends of $40,000 At what amount should p's Income from s be reported on December 31, 2014 by using equity method? Marked out of 1.50 Pflag question Select one: a. 100.000 E 110.000 130,000 99,000 Preva. pode Next page 4 1= ALSUS # Dashboard My courses 20202 - General - Question 18 Not yet answered Under the equity method of accounting, a parent company's journal entry to record a dividend declared by the subsidiary includes a debit to the Retained Earnings of Subsidiary ledger account and a credit to the Dividends Revenue ledger account Marked out of 1.00 Select one: True Hog question False Previous page Next page Return to: General ENG 20 LI T - Palestine Tell Ust Kader * Dashboard My courses 20202 - General - Question 19 Not yet answered Adjustments made for consolidation statements not impact both the parent and subsidiary general ledger Marked out of 1.00 Select one: True = False P Flag question Fin TAR Previous page Next page Return to General - DUS