Delta SA holds 32 % of a joint venture that it accounts for using the equity method. The joint venture distributes 230,000 in dividends, which Delta collects to the extent of its share (case data). Case convention: the dividend is collected on the day it is paid. Record the entry for the dividend received by Delta.
- Dividends distributed by the joint venture
- 230,000
- Delta's percentage
- 32 %