Give the entry in each situation or explain why no entry is needed. In each case, Big Company owns stock in Little.

1. Big company receives $500 in dividends from Little. Assume Big has made no prior entry to create a receivable, and Big accounts for Little using the equity method of accounting.

2. Big company receives $500 in dividends from Little. Assume Big has made no prior entry to create a receivable, and Big uses the fair value method of accounting for its investment in Little.

3. Big company receives $500 in dividends from Little. Assume Big has made no prior entry to create a receivable, and Big uses the cost method of accounting for Little.