Acquired for cash 80 % of the outstanding common stock of Meadow Corporation at $70 per share. The stockholder's equity of Meadow on January 1,2006 consosted of the following : Common Stock,par value $ 50 $ 50.000 Retained Earnings $ 20.000
What Entries should have been made on the books of Todd during 2006 to record the following
a. Investments in subsidiaries
b. Subsidiary dividens received
c. Parent's share of subsidiary income or loss