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JesusLoveMeAlways
Military? I mostly think it's law enforcement?
Answer:
It is $9,000 (B)
Explanation:
Total paid dividends paid = $60,000
Return on Investment = $60,000 *15%
=$9,000.
Gaw Company investment in Trace Corporation will be treated as Investment Assets. In its book ,it can only recognize its share of dividend paid as return on investment.
Gaw Company cannot recognize its share of entire net income of Trace because it doesn't have controlling interest (i.e subsidiary) in the company neither does it have significant influence (i.e associate).
Answer:
The 3 represents the percentage of cash discount. It means the cardholder will receive a 3% discount if the bill is paid within 15 days from the billing date.
