WRD 26e EX 15-11 1 .xlsx - Exercise 15-11 Name: Section:...

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Exercise 15-11 Name:Enarmey Acosta Section:A Score:100% Key Code:[Key code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. a.2016 Jan.14Investment in Filington Co. Stock5,250,000 Cash June24Cash217,000
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Unformatted text preview:Investment in Filington Co. Stock Dec. 31 Investment in Filington Co. Stock 367,500 Income of Filington Co. b. Initial acquisition cost $ 5,250,000 Equity earnings for 2016 367,500 Cash dividends received (217,000) Investment in Filington Co. stock balance, Dec. 31, 2016 $ 5,400,500 Instructions 5,250,000 217,000 367,500