CHAPTER 1

In addition, only dividend income has been recorded by the parent ($5,000 in 2009). In this prior year, Rambis reported net income of $20,000. Thus, the parent has not recorded the $15,000 income in excess of dividends. That amount must also be included in the consolidation through entry *C: ENTRY *C. Investment in Rambis 3,000 ................
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