Question: Under the equity method, the dividend revenue from a long-term investment-which has an ownership of 20% to 50%-the dividend is treated as A A debit

Under the equity method, the dividend revenue from a long-term investment-which has an ownership of 20% to 50%-the dividend is treated as A A debit to revenue from investments B. Dividend Revenue c. A credit to current assets O Return of capital, a deduction to investments

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Tori received the following during the tax year: $5,000 wages $2,200 in computer parts in exchange for helping run inventory at the electronics store $300 credit for use on services from Township...

PART 1: MULTIPLE CHOICE: 20 POINTS 1) Free cash flow is equal to the cash flow from operating activities less cash payments: A) to retire bonds. B) for inventory purchases. C) for planned investments...

Under the equity method, the dividend revenue from a long-term investmentwhich has an ownership of 20% to 50%the dividend is treated as a ________. return of capital credit to current assets debit to...

Question 1 Under the equity method, the dividend revenue from a long-term investment which has an ownership of 20% to 50%-the dividend is treated as O A credit to current assets Os Return of capital,...

7) Which of the following securities pay a dividend? A) corporate bonds B) common stocks C) debt securities D) U.S. Government bonds 8) Trading investments: A) include debt and equity securities that...

100 which ha wnership of 20% to 50% Inder the equity method, the dividend revenue from a long-term investment edit to current assets tumn of capital, a deduetion to investments revenue from...

Equity Investments: Less than 20% Ownership Chart of Accounts Journal Instructions On January 23, 16,000 shares of Aurora Company's common stock are acquired at a price of $23 per share plus a $105...

Ernie and Bert agree to form a partnership. Because the two are great friends, no written partnership agreement is made. Ernie agrees to contribute $100,000 in assets and to devote half of his time...

Damion Enterprises, Inc. has the following stockholders' equity section: Common stock, $10 par, 100,000 shares authorized, 20,000 shares issued and outstanding $200,000 Paid-in capital-common stock...

The excel gives extra columns for future, Looks like I just need to do the Adjusted TB, Income Statement, and a Balance sheet | Calibri Autosum 11 AA == Wrap Text General AT 27 Fill Cut [Copy Format...

On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrisons voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was...

The operations manager has a planning team that focuses on managing the inventory and planning the production of the operation. Planners must work closely with sales, manufacturing engineering and...

What are efficiency ratios about? Group of answer choices determining how much to invest in a project increasing your liabilities making the most of your assets figuring out the rate of new product...

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

6. Describe why communication is vital to everyone

2. Think of someone (a family member, a celebrity, a politician, a friend, a professor) who exhibits competent communication in a particular context. What behaviors does this person exhibit that make...

3. Keep a log of all the different channels (face to face, written, computer mediated, telephonic, others) you use to communicate during the course of one morning or afternoon. Do you regularly...