caption: a accounting guide regarding equity in stocks and funds in equips
exif: {"Image DocumentName": "Recording Investments \u2013 Equity Method", "Image ImageDescription": "Example Prepare the entries for Pennington to record the purchase and any additional entries related to this investment in Edwards Company in Investment in Stock 180,000. Cash 180,000. Investment in Stock 24,000. Equity in subsidiary income ( 80,000 x 30%) 24,000. Cash 6,000. Investment in Stock ( 20,000 x 30%) 6,000. LO 5 Workpaper eliminating entries (equity method).", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}