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solmaris [256]
3 years ago
8

When the cost method is used to account for a stock investment the carrying value of the investment is affected by

Business
1 answer:
Goshia [24]3 years ago
3 0

Answer: b. neither the earnings nor the dividends of the investee.

Explanation:

When the cost method is used to account for a stock investment, it means that in the books, the stock is to be recorded at the price it was purchased for.

This means that even if earnings and dividends accrue on the stock, it is not to change in value but should stay being recorded at the price it cost to acquire.

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Answer:

Explanation:

The journal entries are shown below:  

On July 15:

Retained earning A/c Dr  $169,000

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(Being cash dividend declared is recorded)

On Aug 15:

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On Aug 31:

Dividend payable A/c    $169,000

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Answer:

The example that represents economic globalization is:

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