Question: please i need unique answer use your own words dont...
Please, i need Unique answer, Use your own words (don't copy and paste).
*Please, don't use handwriting.
Course: Advanced Financial Accounting
Q. SALMAN Company acquires 60 percent of HAMAD Company’s common stock for $200,000 at the beginning of the year and gains significant influence over HAMAD. During the year, HAMAD has net income of $40,000 and pays dividends of $30,000.
Required: prepare the journal entries in books of SALMAN company under the Equity and Cost Method