Use this information to answer the following question. These facts concern the long-term stock investments of Alpha Corporation: June 1, 2009 Paid cash for the following long-term investment: 5,000 shares Carey Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Burns Corporation common stock (representing 3 percent of outstanding stock) at $24
per share. Dec. 31, 2009 Quoted market prices at year end: Carey common stock, $35; Burns common stock, $27. April 1, 2010 A change in policy required the sale of 1,000 shares of Carey Corporation common stock at $38. July 1, 2010 Received a cash dividend from Burns Corporation equal to $.30 per share. Dec. 31, 2010 Quoted market prices at year end: Carey common stock, $39; Burns common stock, $22. The entry to record the receipt of the cash dividend from Burns Corporation is:
a. Investment in Burns Corporation 900
Cash 900
b. Cash 900
Dividend Income 900
c. Dividend Income 900
Cash 900
d. Cash 900
Investment in Burns Corporation 900
B
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Answer the following statement true (T) or false (F)
Which of the following statements is true about multinational working capital management??
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A. 15.27% B. 16.08% C. 16.88% D. 17.72% E. 18.61%
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