On January 2 , 2 0 2 4 , MBH Incorporated acquired 3 0 % of the
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Question:
On January MBH Incorporated acquired of the voting common stock of Construction Corporation as a longterm investment. Data from Construction Corporation's financial statements for the year ended December include the following:
Net income $
Dividends paid $
Required:
Prepare any necessary journal entries for MBH at December under the equity method of accounting for investments. Record the entry for cash dividend received. Record the entry for investment revenue received from Construction Corporation.
Posted Date: