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  3. 1.) land services, inc. owns 35% of voting stock o

1.) Land Services, Inc. owns 35% of voting stock of World Investments, Inc. During the...

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Accounting

1.) Land Services, Inc. owns 35% of voting stock of World Investments, Inc. During the year 2018, World Investments, Inc. earned profits of $280,000. Under the equity method, which of the following journal entries will Land Services record?

2.)

Shelcal, Inc. provides the following data for the year 2019:

Net Sales Revenue

397,630

Cost of Goods Sold

255,000

The cost of goods sold as a percentage of net sales revenue is ________. (Round your answer to two decimal places.)

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