10. Help me selecting the right answer. Thank you Land Services, Inc. owns 32% of voting stock of World Investments, Inc. During the year 2024, World Investments, Inc. earned profits of $250,000. Under theequity method, which of the following journal entries will Land Services record?80,000CashEquity Investments-World Investments, Inc.CashDividend RevenueEquity Investments-World Investments, Inc.Revenue from InvestmentsEquity Investments-World Investments, Inc.Cash80,00080,000250,00080,00080,00080,000250,000

A business transaction is documented in the accounting records of the company using a journal entry.…

Land Services, Inc. owns 32% of voting stock of World Investments, Inc. During the year 2024, World Investments, Inc. earned profits of $250,000. Under the equity method, which of the following journal entries will Land Services record? O Cash 80,000 Equity Investments-World Investments, Inc. O Cash Dividend Revenue O Equity Investments-World Investments, Inc. Revenue from Investments O Equity Investments-World Investments, Inc. Cash 80,000 80,000 250,000 80,000 80,000 80,000 250,000

Land Services, Inc. owns 32% of voting stock of World Investments, Inc. During the year 2024, World Investments, Inc. earned profits of $250,000. Under the equity method, which of the following journal entries will Land Services record? O Cash 80,000 Equity Investments-World Investments, Inc. O Cash Dividend Revenue O Equity Investments-World Investments, Inc. Revenue from Investments O Equity Investments-World Investments, Inc. Cash 80,000 80,000 250,000 80,000 80,000 80,000 250,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 25E

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