Excellence Auto Inc. (EAI) has 150,000 shares issued in total. Assume that on January 1,2021,...
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Excellence Auto Inc. EAI has shares issued in total. Assume that on January Power One Corporation acquired of EAl's shares for $ per share. Power One is assumed not to have significant influence over EAl and will use the cost method to account for its investments. For the year ended December EAl reported profit of $ and declared and paid $ cash dividends. At December EAl's common shares were traded at $ each. How much is Power One required to record in its dividend revenue account in EAI? $ $ $ $ 
Excellence Auto Inc. EAI has shares issued in total. Assume that on January Power One Corporation acquired
of EAl's shares for $ per share. Power One is assumed not to have significant influence over EAl and will use the cost method to
account for its investments. For the year ended December EAl reported profit of $ and declared and paid $
cash dividends. At December EAl's common shares were traded at $ each. How much is Power One required to record in
its dividend revenue account in EAI?
$
$
$
$
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