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Home Q & A Board Other Fields Homework Help Business Accounting
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Harrison Harrison
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6 years ago
An investor company with a 40% interest in an investee properly used the equity method to account for the investment. If the entries to the Investment account for the current year showed a debit of $45,000 and a credit of $22,000, the investee must have paid total dividends of:
A) $55,000
B) $22,000
C) $45,000
D) $100,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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AlexmosutheAlexmosuthe
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6 years ago
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Harrison Author
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6 years ago
Thanks
dianeflunder
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Yesterday
You make an excellent tutor!
noodlelicker
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2 hours ago
Just got PERFECT on my quiz
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