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Marina CMI [18]
3 years ago
7

Sells Company accounts for its investment in OFO, Inc. under the available-for-sale method. How should Sells Company record a ca

sh dividend received from OFO
Business
1 answer:
ohaa [14]3 years ago
7 0

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.

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A blue-collar worker is someone in a professional or clerical job who usually earns a salary.
VARVARA [1.3K]
Yes that is correct
3 0
3 years ago
Sentinals FC, a soccer club, is hiring new players. The applicants are required to be of a certain height and physical build to
STatiana [176]

Considering the situation described in the question, the phrase that exemplified the situation is "disparate impact."

This is because the disparate impact is a phenomenon or situation that occurs when some policies or decisions are made in a neutral sense.

However, the effect of such policy appears to affect a certain set of people, thereby appearing as if it is discrimination.

In other words, a disparate impact is a form of unintentional discrimination that is originally established as impartial policies or regulations that are made generally but whose effects appear to affect a certain set of people.

In this case, the policy made by Sentinals FC on hiring new players affects a certain set of people.

Hence, in this case, it is concluded that the correct answer is "disparate impact."

Learn more here: brainly.com/question/20510564

8 0
2 years ago
North Around, Inc. stock is expected to return 22 percent in a boom, 13 percent in a normal economy, and −15 percent in a recess
almond37 [142]

Answer:

4.53%

Explanation:

Data provided in the question:

Expected return = ∑ (Return × probability)

Thus,

Expected return = (0.06 × 22) + (0.92 × 13) + (0.02 × (-15))

= 12.98%

Now,

Probability       Return        Probability × (Return-Expected Return)²

0.06                  22                   0.06 × (22% - 12.98%)² = 4.8816

0.92                  13                    0.92 × (13% - 12.98%)² = 0.000368

0.02                  -15                   0.02 × (-15% - 12.98%)² = 5.657608

========================================================

                                                                            Total = 20.5396%

Standard deviation = \sqrt{\frac{\text{Total probability}\times(\text{Return-Expected Return})^2}{\text{Total probability}}

= √(20.5396)

= 4.53%

6 0
3 years ago
Which of the following statements about renting & owning is correct?
ycow [4]
The answer to the question which of the following statements about renting owning is correct is letter "B" An owner has a complete responsibility and control over the property.

Based on the definition of owner and renter, as well as its comparison, no doubt that the answer is indeed letter "B".
8 0
3 years ago
Indicate the proper accounting treatment for a change in the rate used to compute warranty costs.
Lana71 [14]

Answer:

a. Accounted for prospectively

Explanation:

Warranty cost is an expense i.e. to be incurred for the repair or replacement of the goods comes under the warranty given by the company.

Here if there is a change in the rate i.e. used for determining the warranty cost so it would be accounted in prospectively manner i.e. it would be changed in the current period and also the amount should be estimated or predicted

Hence, the correct option is a.

7 0
3 years ago
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