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Jardon Jewelers Purchased 3,000,000 of the Outstanding 10,000,000 Shares of Angel

Question 117

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Jardon Jewelers purchased 3,000,000 of the outstanding 10,000,000 shares of Angel & Associates.Jardon has significant influence over Angel,so Jardon will account for this investment using the equity method.Angel declared Net Income of $1,250,000 for the year.How will Angel's Net Income be recorded by Jardon?


A) Jardon Jewelers purchased 3,000,000 of the outstanding 10,000,000 shares of Angel & Associates.Jardon has significant influence over Angel,so Jardon will account for this investment using the equity method.Angel declared Net Income of $1,250,000 for the year.How will Angel's Net Income be recorded by Jardon? A) B) C) D)
B) Jardon Jewelers purchased 3,000,000 of the outstanding 10,000,000 shares of Angel & Associates.Jardon has significant influence over Angel,so Jardon will account for this investment using the equity method.Angel declared Net Income of $1,250,000 for the year.How will Angel's Net Income be recorded by Jardon? A) B) C) D)
C) Jardon Jewelers purchased 3,000,000 of the outstanding 10,000,000 shares of Angel & Associates.Jardon has significant influence over Angel,so Jardon will account for this investment using the equity method.Angel declared Net Income of $1,250,000 for the year.How will Angel's Net Income be recorded by Jardon? A) B) C) D)
D) Jardon Jewelers purchased 3,000,000 of the outstanding 10,000,000 shares of Angel & Associates.Jardon has significant influence over Angel,so Jardon will account for this investment using the equity method.Angel declared Net Income of $1,250,000 for the year.How will Angel's Net Income be recorded by Jardon? A) B) C) D)

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