1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The closing entry for dividends involves a debit to ______ and a credit to ______. (Select all that apply.)
alina1380 [7]

The closing entry for dividends involves a debit to <u>A. Retained Earnings</u> and a credit to <u>Dividends</u>.

<h3>What is a closing entry?</h3>

A closing entry is the journal entry at the end of the accounting period so that temporary ledger accounts (mainly income statement items) are moved to permanent accounts (balance sheet items).

<h3>Answer Options:</h3>

A. Retained Earnings; Dividends

B. Dividends; Retained Earnings

C. Dividends; Dividends Payable

D. Dividends Payable; Dividends

Thus, the closing entry for dividends is a debit to Retained Earnings, which is a permanent account, and a credit to Dividends (a temporary account).

Learn more about closing entries at brainly.com/question/13408214

7 0
2 years ago
What are six steps in developing your brand's marketing message?
Sveta_85 [38]

Here are Six essential steps for developing consistent brand messages.

1.      Get your facts straight – Do your homework.  Make sure that the messages are accurate, grounded in data.

2.      Remember Context is important – Does each message fit the strategy and mission of the organization, product or service? Don’t use gratuitous statements just because they may be popular at the time.  For example who wouldn’t want to be green right now?  Don’t just say you are green, if you chose to say it make sure it is accurate.

3.      Create clear compelling rationale for the messaging strategy.  When possible support the rationale with insights or other data.

4.      Connect the stakeholders – Make sure the messages, promises, and benefits are appropriately vetted through the organization to ensure that all stakeholders are aware and able to deliver on any direct or implied promises to the consumer.

5.      Test it.  Show the copy or concept to unbiased target audience members.  Are there subtle nuances you didn’t anticipate?  It’s easy for marketers to assume the audience

6.      Solicit feedback from touch points within the organization.  For example customer service centers, front line staff etc.  Use the feedback to improve future communications.

4 0
2 years ago
there is a growing emphasis on strategic supply management processes and less on purchase transactions.
PSYCHO15rus [73]

This statement is true. As there is the growing emphasis on the strategic supply management processes and less on the purchase transactions.

Effective interpretation of corporate and supplier objectives, selection of appropriate actions to achieve objectives and integration of inventory information into organizational strategies. hiring professionals trained specifically in supply management, providing them with technical knowledge and long-term leadership development. emphasizing strategic cost management, engaging key suppliers early in the process, and measuring reductions in total cost of ownership. Supply management has evolved from a process-oriented, strategic function to a transactional, tactical function. The reduction in inventory investment comes primarily from users reducing their demand for stocked items. Therefore the statement is true.

Learn more about supply management.

brainly.com/question/25843620

#SPJ4

8 0
1 year ago
According to entry-level analysis project (elap) statistics, what percentage of therapists are leaving the profession in the fir
Soloha48 [4]
<span>According to the ELAP report 40%-50% of therapists are leaving this profession with in 24 months or 2 years after the graduation. the report also says this was due to the unrealistic expectations about the physical demands of massage work.</span>
6 0
3 years ago
Tom Noel holds the following portfolio: Stock Investment Beta A $150,000 1.40 B 50,000 0.80 C 100,000 1.00 D 75,000 1.20 Total $
exis [7]

Answer: -0.24

Explanation:

The portfolio beta is a weighted average of the betas of the individual stocks in it.

The portfolio beta before the replacement is;

= (1.4 * 150,000/375,000) + (0.8 * 50,000/375,000) + ( 1 * 100,000/375,000) + (75,000 * 75,000/375,000)

= 0.56 + 0.11 + 0.27 + 0.24

= 1.17

After the replacement, portfolio beta will be;

=  (0.75 * 150,000/375,000) + (0.8 * 50,000/375,000) + ( 1 * 100,000/375,000) + (75,000 * 75,000/375,000)

= 0.32 + 0.11 + 0.27 + 0.24

= 0.93

The change is therefore;

= 0.93 - 1.17

= -0.24

6 0
2 years ago
Other questions:
  • Why did laborers sign contracts with an x?
    12·1 answer
  • Which company is more likely to have the higher inventory turnover ratio: a grocery store or an automobile manufacture?
    10·1 answer
  • 1. Formulate a unique business idea and state the mission and vision statements
    9·1 answer
  • Mary is 40 years old, plans to retire at 65 and the actuarial tables tell her she can expect to live until 80. The market value
    10·1 answer
  • You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the
    11·1 answer
  • As the number of urban areas grew in the state in the late nineteenth and early twentieth centuries, the management of local aff
    5·1 answer
  • In order to formulate strategies that align with the mission some of the activities the organization will need to perform are
    12·1 answer
  • You are given the following information. Durable good consumption 462 Residential investment 526 Imports 987 Government expendit
    6·1 answer
  • An overhead variance report includes which of the followings:
    5·1 answer
  • If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, h
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!