Journal entry questions - 24 points. Give the entry in each situation or explain why no entry is needed. In each case, Big Company owns stock in Little. 3. Big company owns $10,000 of stock in Little. Big uses the fair market value method of investing. The fair value of the stock goes up by $2,000 during the year. (3 points) 4. Same as #3, but Big uses the equity method of accounting (3 points) 5. Same as # 3, but Big uses the cost method of accounting for Little 6. 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. (3 points) 7. Same as # 6, but Big uses the fair value method of accounting for its investment in Little. 8. Same as #6, but Big uses the cost method of accounting for Little. 9. Big Company uses the equity method of accounting for Little Big owns 25% of Little's stock. Big learns that Little had net income of $4,000 during the year. (3 points) 10. Same as #9. but Big uses the fair market value method of accounting for Little. (3 points) Thought questions