Business, 15.04.2020 01:34 Jazminnexoxo1093
Oriole Company purchased 300 of the 1000 outstanding shares of Skysong Company's common stock for $660000 on January 2, 2021. During 2021, Skysong Company declared dividends of $140000 and reported earnings for the year of $270000. If Oriole Company uses the equity method of accounting for its investment in Skysong Company, its Equity Investments (Skysong) account at December 31, 2021 should be .
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Oriole Company purchased 300 of the 1000 outstanding shares of Skysong Company's common stock for $6...
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