Chapter 10, Problem 10.13E

1.

To determine

Significant influence equity investments:

Significant influence equity investments are the investments in the equity securities, where the investor holds in between 20% to 50% of the voting stock. These securities are reported as long-term assets in the balance sheet.

To Journalize: The transaction of C Investments’ in V’s voting stock for the year 2018.

2.

To determine

To identify: The account(s) and amount(s) which C Investments would report in its income statement for the year ended December 31, 2018.