Answer:
the journal entry should be:
Dr Cash X
Cr Dividend revenue X
When a company holds securities as an investment and classifies them as available for sale (AFS), any dividends received will be recorded as revenue.
Dividend revenue is reported in the income statement.
Answer:
c. Parent company total assets equals consolidated total assets
Explanation:
- The equity method is a process of treating investment in an associated companies and is usually applied where the investor holds about 50% of the companies stocks and this has a significant influence in the later management.
- They are recorded in the balance sheets and are associated with the companies net incomes and investments. If 80% of the investment is accounted for the subsidiary then the parent company total assess will not be equal o the total assets as it involves taxes.
Hi The type of insurance is called Bodily injury coverage
In this example, Wrigley used the Penetration pricing.
Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.
This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.
In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.
In conclusion, Wrigley used the Penetration pricing to attract new customers.
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