Assume that P uses the equity method of accounting for its investment in S.Solve for the unknown in each of the following independent cases:
$\begin{array}{llll}&\text { CASE A } &\text { CASE B } &\text { CASE C }\
\text { P's ownership of S } & 40 \% & 25 \% & 40 \% \
\text { Investment in S--beginning of year } & \$ 100 & \$ 100 & \$ 130 \
\text { Investment in S--end of year } & \$ 120 & \$ 150 & \$ 120 \
\text { S's income (loss) } & \mathbf{A} & 300 & \mathrm{C} \
\text { S's dividends paid } & 80 & \mathbf{B} & 0
\end{array}$

Question

Assume that P uses the equity method of accounting for its investment in S.Solve for the unknown in each of the following independent cases:
 $\begin{array}{llll}&\text { CASE A } &\text { CASE B } &\text { CASE C }\
\text { P's ownership of S } & 40 \% & 25 \% & 40 \% \
\text { Investment in S--beginning of year } & \$ 100 & \$ 100 & \$ 130 \
\text { Investment in S--end of year } & \$ 120 & \$ 150 & \$ 120 \
\text { S's income (loss) } & \mathbf{A} & 300 & \mathrm{C} \
\text { S's dividends paid } & 80 & \mathbf{B} & 0
\end{array}$

Quizplus · Accepted Answer

The Answer of Assume that P uses the equity method of accounting for its investment in S.Solve for the unknown in each of the following independent cases:
 $\begin{array}{llll}&\text { CASE A } &\text { CASE B } &\text { CASE C }\
\text { P's ownership of S } & 40 \% & 25 \% & 40 \% \
\text { Investment in S--beginning of year } & \$ 100 & \$ 100 & \$ 130 \
\text { Investment in S--end of year } & \$ 120 & \$ 150 & \$ 120 \
\text { S's income (loss) } & \mathbf{A} & 300 & \mathrm{C} \
\text { S's dividends paid } & 80 & \mathbf{B} & 0
\end{array}$

Assume That P Uses the Equity Method of Accounting for Its