Question: Solving and explanation Land Services , Inc . owns 32%/ of voting stock of World Investments , Inc . During the year 2018 . WorldInivevestments

Solving and explanation

Land Services , Inc . owns 32%/ of voting stock of World Investments , Inc . During the year 2018 . WorldInivevestments , Inc . earned profits of $320, 000 . Under the equity method , which of the following journalentries will Land Services record ?"A.Equity*Investmentslong dash - WorldInvestments , Inc .320, 000Cash320, 000BCash102, 400Dividend Revenue102, 400EquityInvestmentslong dash - WorldInvestments , Inc .102, 400Revenue from Investments*102, 400D.Cash102, 400EquityInvestmentslong dash - WorldInvestments , Inc.102, 400

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