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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 30, 2016



Title: Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey ...
Post by: H3Ko on Aug 30, 2016
Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey Investments, Inc. earned profits of $320,000. Under the equity method, which of the following journal entries will Pan Services record?

A) Long-term InvestmentsGrey Investments, Inc.   102,400   
     Revenue from Investments      102,400

B) Cash   102,400   
     Long-term InvestmentsGrey Investments, Inc.      102,400

C) Cash   102,400   
     Dividend Revenue      102,400

D) Long-term InvestmentsGrey Investments, Inc.   320,000   
     Cash      320,000


Title: Re: Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey ...
Post by: .unplugged. on Aug 30, 2016
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Title: Re: Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey ...
Post by: H3Ko on Oct 12, 2016
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.


Title: Re: Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey ...
Post by: Amber Harvey on May 7, 2020
Thank you