X Co. owned 80% of Y Corp., and Y Corp. owned 15% of X Co. Under the treasury stock approach, how would the dividends that are paid by X Co. to Y Corp. be handled on a consolidation worksheet?

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The Answer of X Co. owned 80% of Y Corp., and Y Corp. owned 15% of X Co. Under the treasury stock approach, how would the dividends that are paid by X Co. to Y Corp. be handled on a consolidation worksheet?

X Co Owned 80% of Y Corp