Please help with this on January 1 2017 Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000.
Please help with this on January 1 2017 Alpha Company purchased a significant influence shares investment in the
Bravo-Zulu Company for $250,000. This investment balance represents 25percent of the equity of the Bravo-Zulu Company. In 2017 Bravo-Zulu Company reported Net Income of $25,000 on November 15 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. what are the FY 2017 balances in Alpha Company’s account balances for?
Investment in Bravo-Zulu
Investment Income