Pahl Corporation owns a 60% interest in Sauer Corporation, acquired at book value equal to fair value at the beginning of 2018. On December 20, 2018 Sauer declares dividends of $80,000, and the dividends remain unpaid at year end. Pahl has not recorded the dividends receivable at December 31. The amount balance of dividend receivable in consolidated statement is:
Pahl Corporation owns a 60% interest in Sauer Corporation, acquired at book value equal to fair value at the beginning of 2018. On December 20, 2018 Sauer declares dividends of $80,000, and the dividends remain unpaid at year end. Pahl has not recorded the dividends receivable at December 31. The amount balance of dividend receivable in consolidated statement is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pahl Corporation owns a 60% interest in Sauer Corporation, acquired at book value equal to fair value at the beginning of 2018. On December 20, 2018 Sauer declares dividends of $80,000, and the dividends remain unpaid at year end. Pahl has not recorded the dividends receivable at December 31. The amount balance of dividend receivable in consolidated statement is:
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