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Not sure what is going on with my account titles Required information [The...

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Accounting

imageNot sure what is going on with my account titles

Required information [The following information applies to the questions displayed below.] On January 2, Year 1, Company A bought 5% of Company B's capital stock for $99 million. Company B's net income for the year ended December 31, Year 1, was $129 million. The fair value of the shares held by Company A was $116 million at December 31, Year 1. During Year 1, Company B declared a dividend of $50 million. Required: 1. Prepare all appropriate journal entries related to the investment during Year 1. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 )

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