Question: Equity Method Year Subsequent to Acquisition LO 2 LO 5 Continue the situation in Exercise 46 and assume that during 2020 Sales Company earned 190000

Equity Method Year Subsequent to Acquisition LO 2 LO 5 Continue the situation in Exercise 46 and assume that during 2020 Sales Company earned 190000 and declared and paid a 50000 dividend Required A Prepare the investmentrelated entries on Pert Companys books for 2020 B Prepare the workpaper eliminating entries for a workpaper on December 31 2020

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