19. Ridge Company uses the equity method to account for its 60% investment in FMP Enterprises. During 2005, FMP earned net income of $65,000 and paid dividends of $19,000. In accounting for the investment during 2005, Ridge will a. credit Dividend Revenue, $11,400 b. credit Investment Income, $39,000. c. credit Revenue from Investment, $27,600 d. debit Cash, $27,600 20. Blackstone Company uses the equity method to account for its 30% investment in Meriton Enterprises. During 2005, Merliton earned net income of $45,000 and paid dividends of S13,000. In accounting for the investment during 2005, Blackstone will a. credit Dividend Revenue,
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