Prepare journal entries for the transactions below relating to an Equity Investment accounted for using the equity method. a. An investor purchases 14,400 common shares of an investee at $5 per share; the shares represent 25% ownership in the investee and the investor concludes that it can exert significant influence over the investee.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

answer; whoever is willing and able to pay the price;

answernet income for 2017 will be greater if the inventory quantity declines;