Question: Using the same facts as in Question #1 above, but, this time, assume that Corporation A exerts significant influence over Corporation B by purchasing between

Using the same facts as in Question #1 above, but, this time, assume that Corporation A exerts significant influence over Corporation B by purchasing between 20% and 50% of the stocks of Corporation B at January 1, 2020.

(a) What method would be used by Corporation A to account for the investment?

(b) What accounts would Corporation A debit and credit at the time of purchase of the investment and how will the amounts in the accounts be determined?

(c) What accounts will Corporation A debit and credit for dividends received, as of June 30, 2020, and how will the amounts be determined?

(d) How will the accounting be done by Corporation A at the end of the year, December 31, 2020 to account for the investment (that is what account will be debited and credited? And, how will the amount be determined for the accounts debited and

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