Dividends received from stock investments with insignificant influence are recorded as dividend revenue.
Answer the following statement true (T) or false (F)
True
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When stock is issued for noncash assets or services, the dollar amount to be recorded for this exchange is determined by the
A) treasurer of the corporation. B) par value of the stock. C) market value of the stock or the market value of the consideration received, whichever is greater. D) market value of the stock or the market value of the consideration received when the market value of the stock cannot be determined.
Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Assume that Administration costs have been allocated and the balance in Personnel is $860,000 . What amount is allocated to B (round to the nearest dollar)? a. $213,964 b. $430,000 c. $106,982 d. $143,333
BlueStainless Corp. has been able to gain and sustain a competitive advantage due to its strong relationship with its employees, customers, suppliers, and local communities. The company believes in lifetime employment and ensures that its employees grow along with the company. Investors are more than satisfied with the returns on their investments. Also, 3 percent of the company's profit is spent on community development. With initiatives like these, customers feel privileged to associate themselves with BlueStainless products. This scenario best illustrates the implementation of a
A. wild card event. B. black swan event. C. stakeholder strategy. D. strategic analysis.
Marks Consulting purchased equipment costing $45,000 on January 1, Year 1. The equipment is estimated to have a salvage value of $5,000 and an estimated useful life of 8 years. Straight-line depreciation is used. If the equipment is sold on July 1, Year 5 for $20,000, the journal entry to record the sale will include a:
A. Debit to gain on sale for $2,500. B. Debit to loss on sale for $10,000. C. Credit to cash for $20,000. D. Debit to accumulated depreciation for $22,500. E. Credit to loss on sale for $10,000.