On a certificate of deposit, the bank is the maker and the depositor is the payee
Indicate whether the statement is true or false
T
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Blanton Corporation purchased 35% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record the dividends it receives from Worton Corporation?
a. debit Investment in Worton Corporation Stock; credit Cash b. debit Cash; credit Dividend Revenue c. debit Investment in Worton Corporation Stock; credit Income of Worton Corporation d. debit Cash; credit Investment in Worton Corporation Stock
What are the relative advantages and disadvantages of longitudinal versus cross-sectional designs?
What will be an ideal response?
Which of the following is true of cost-benefit analysis?
A) It supports only short-run decision making. B) It considers quantitative costs and benefits, not qualitative. C) It conveys that the benefits from a project should exceed its costs. D) It supports only long-run decision making.
Which of the following statements regarding service companies and activity-based costing (ABC) is true?
A) Service companies are not permitted to use ABC costing. B) Service companies find it easier to use ABC costing than manufacturing companies. C) Fewer repetitive activities make ABC costing more difficult to implement in service companies. D) Service companies have proportionately less facility-level costs than manufacturing companies.