Answer:
c. $60,000
Explanation:
Provided information,
Green Corp owns 30% of the the common stock and 100% of preference share capital of Axel Corp.
Also, Green Corp is exercising significant influence on Axel Corp.
Thus, for accounting purpose Green Corp will use equity method as the investment is more than 20%.
Any dividend received from Axel Corp on common stock will be deducted from carrying value of investment in common stock, though dividend received on preference capital will increase the profits as will be added to income statement.
Thus, dividend recognized in Income Statement = $60,000 received on preference capital.
Correct answer is
c. $60,000
Answer:
the products than to customer needs.
The government really just expected reduced highway fatalities. Even though that it costs these multibillion dollar companies a little more to let their drivers rest, it sill makes the roads safe for all drivers. Driving while tired is almost as bad as driving under the influence, so making sure that these truck drivers get sleep make sure everything is super safe for everyone.
B. The higher the price, the larger the quantity produced.
