d. What would be reported on the balance sheet related to the investments in affiliates on December 31? e. What would be reported on the income statement for the year?
d. What would be reported on the balance sheet related to the investments in affiliates on December 31? e. What would be reported on the income statement for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
[The following information applies to the questions displayed below.]
Below are selected T-accounts related to equity investments for William Company.
Required D
Debit
1/1 Balance
Purchase
Share of affiliates' earnings
12/31 balance
Assets:
Debit
Required E
Investments
83,635
12,848
?
89,300
10,120
Equity in Investee Earnings
Complete this question by entering your answers in the tabs below.
0
?
2,937
< Required D
d. What would be reported on the balance sheet related to the investments in affiliates on December 31?
e. What would be reported on the income statement for the year?
Credit
Share of affiliates' dividends
Required E >
Credit
What would be reported on the balance sheet related to the investments in affiliates on December 31?
WILLIAM COMPANY
Balance Sheet (Partial)
At December 31, Current Year
1/1 Balance
Share of affiliates' earnings
12/31 Balance](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff034f9c5-e875-478c-86ea-280ebf198c5b%2Fa5e769e8-7b83-45de-9dd5-b995066c6728%2Fyf3pjui_processed.png&w=3840&q=75)
Transcribed Image Text:of 2
ok
t
1
nces
!
Required information
[The following information applies to the questions displayed below.]
Below are selected T-accounts related to equity investments for William Company.
Required D
Debit
1/1 Balance
Purchase
Share of affiliates' earnings
12/31 balance
Assets:
Debit
Required E
Investments
83,635
12,848
?
89,300
10,120
Equity in Investee Earnings
Complete this question by entering your answers in the tabs below.
0
?
2,937
< Required D
d. What would be reported on the balance sheet related to the investments in affiliates on December 31?
e. What would be reported on the income statement for the year?
Credit
Share of affiliates' dividends
Required E >
Credit
What would be reported on the balance sheet related to the investments in affiliates on December 31?
WILLIAM COMPANY
Balance Sheet (Partial)
At December 31, Current Year
1/1 Balance
Share of affiliates' earnings
12/31 Balance
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