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010 Investments > 06 IFRS Equity Method > Flashcards

06 IFRS Equity Method Flashcards

1
Q

List the journal entry for an Investor to recognize proportionate share of investee income using the Equity Method.

A

DR: Investment in X CR: Investment (equity) revenue

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2
Q

List the journal entry for an Investor to recognize proportionate share of investee dividends using Equity Method.

A

DR: Dividends Receivable/Cash CR: Investment in X

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010 Investments (9 decks)

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