Orlov Corporation purchased 22,000 shares of Matsey Corporation common stock for $40 per share on January 1, 2009 . Matsey reported net income of $120,000 for 2009 and paid dividends of $45,000 during 2009 . As of December 31, 2009, the market value of Matsey Corporation common stock was $39 per share. Assuming the shares owned by Orlov represent 10 percent of the total outstanding stock of
Matsey, the year end adjustment entry in Orlov Corporation's books is:
a. Cash 22,000
Dividend Income 22,000
b. Cash 22,000
Long-Term Investments 22,000
c. Unrealized Loss on Long-term Investments 22,000
Allowance to Adjust Long-Term Investments to Market 22,000
d. Loss on Long-Term Investments 22,000
Allowance to Adjust Long-Term Investments to Market 22,000
C
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Describe the processes of mediation and arbitration and the major difference between the two.
What will be an ideal response?
The benefits of operational control under a standard cost system can extend to all manufacturing environments
Indicate whether the statement is true or false
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A. abuse of process. B. false imprisonment. C. trespass to personal dignity. D. none of the choices.