On January 1, 2021, Freeman Corporation purchased 40% of the common shares of Freightways International Ltd. During 2021, Freeman paid dividends of $ 80,000 and Freightway paid dividends of $ 50,000. Assuming Freeman has no other equity investments, the year-end balance in Freeman's Dividend Income account would be

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The Answer of On January 1, 2021, Freeman Corporation purchased 40% of the common shares of Freightways International Ltd. During 2021, Freeman paid dividends of $ 80,000 and Freightway paid dividends of $ 50,000. Assuming Freeman has no other equity investments, the year-end balance in Freeman's Dividend Income account would be

On January 1, 2021, Freeman Corporation Purchased 40% of the Common