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hichkok12 [17]
4 years ago
9

Under the cost method, dividends declared by a subsidiary are accounted for by the parent as: Select one: A. Dividend income. B.

Decrease in Equity Investment. C. Increase in Equity Income. D. Decrease in Equity Investment, but only if it is a liquidating dividend.
Business
1 answer:
soldi70 [24.7K]4 years ago
6 0

Answer:

B. Decrease in Equity Investment

Explanation:

As we know that

At the time of payment of dividend it reduces the cash balance plus we debited the dividend payable.

The journal entry is also shown for better understanding

Dividend payable A/c $122,838

          To Cash A/c $122,838

(Being the dividend is paid)

So as per the cost method, the dividend declared by a subsidiary reduced the equity investment

Therefore, the second option is correct

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The GDP deflator for this year is calculated by dividing the using by the using and multiplying by 100. However, the CPI reflect
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Hello. You forgot to provide the answer options. The options are:

"A) value of all goods and services produced in the economy this year  B) This years prices  C) value of all foods and services produced in the economy this year  D) the base year's prices  E) bought by consumers"

Answer:

The GDP deflator for this year is calculated by dividing the  value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.

Explanation:

GDP deflator is an economic term that means "implicit price deflator". This term is defined as the price measure for any and all goods and services produced within the country, in the year in question. GDP, in turn, is directly related to this, since it represents the monetary value that each of these goods and services produced during that same year.

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