ayser SE owns 25% of Plano Company. For the current year, Plano reports net income of $190,000 and declares and pays

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Kayser SE owns 25% of Plano Company. For the current year, Plano reports net income of $190,000 and declares and pays a $40,000 cash dividend. Record Kayser's equity in Plano's net income and the receipt of dividends from Plano.

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