An investor that uses the equity method of accounting for its investment in a 40 percent-owned investee that earned $50,000 and paid $8,000 in dividends,made the following entries: What effect will these entries have on the parent corporation's statement of financial position?

Question

An investor that uses the equity method of accounting for its investment in a 40 percent-owned investee that earned $50,000 and paid $8,000 in dividends,made the following entries:  What effect will these entries have on the parent corporation's statement of financial position?

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The Answer of An investor that uses the equity method of accounting for its investment in a 40 percent-owned investee that earned $50,000 and paid $8,000 in dividends,made the following entries:  What effect will these entries have on the parent corporation's statement of financial position?

An Investor That Uses the Equity Method of Accounting for Its