Jacquin Corporation reports its income from investments under the equity method and recognized income of $15,000 from its investment in Trapper Company during the current year.Trapper declared no dividends during the current year.On Jacquin's statement of cash flows the $15,000 would
A) be shown as cash from investing activities.
B) be shown as an addition to net income in the reconciliation of net income to cash from operations.
C) be shown as a deduction from net income in the reconciliation of net income to cash from operations.
D) not be shown.
Correct Answer:
Verified
Q1: Which of the following independent transactions would
Q2: Which of the following items involving current
Q4: Which of the following investments should be
Q5: On a statement of cash flows prepared
Q6: Which of the following is a non-cash
Q7: Proceeds from the sale of investments in
Q8: Which of the following is NOT required
Q9: When preparing a reconciliation of net income
Q10: Which of the following would appear in
Q11: In the preparation of a statement of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents