Affiliate Marketing Secrets

I just joined a gym about 3 weeks ago. It’s called EZ fitness in akron ohio….
I just got a letter in the mail, thanking me for joining EZ fitness… And it says “Your agreement has been assigned to affiliated acceptance corporation for payment processing, AAC will debit your payments as EZ fitness has requested. We will be debiting your account in the amount of 35.00.
I looked this place up and they look like a scam..
I had requested to make monthly debits until I cancel…..
I’m so nervous they are going to try to screw me..
Should I go down there today, and cancel my membership for the next pay period?
Thanks.

A corporation uses the equity method to account for its 40% ownership of another company. The investee earned $20,000 and paid $5,000 in dividends. The investor made the following entries:
D Investment in affiliate 8K
C Equity in earning of affiliate 8K
D Cash 2K
C Dividend revenue 2K
What effect will these entries have on the investor’s statement of financial position?
A. Investment in affiliate overstated, retained earnings understated
B Financial position will be fairly stated.
C Investment in affiliate overstated, retained earning overstated.
D Investment in affiliate understated, retained earning understated.

A corporation uses the equity method to account for its 40% ownership of another company. The investee earned $20,000 and paid $5,000 in dividends. The investor made the following entries:
D Investment in affiliate 8K
C Equity in earning of affiliate 8K
D Cash 2K
C Dividend revenue 2K
What effect will these entries have on the investor’s statement of financial position?
A. Investment in affiliate overstated, retained earnings understated
B Financial position will be fairly stated.
C Investment in affiliate overstated, retained earning overstated.
D Investment in affiliate understated, retained earning understated.