Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Company's entry would include a
a. credit to cash for $9,000
b. debit to the investment account for $9,000
c. credit to the investment account for $9,000
d. credit to a loss account for $9,000
c
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A detection risk of 90% would suggest that an auditor must perform extensive substantive audit testing
a. True b. False Indicate whether the statement is true or false
Debt and equity securities are classified in ________ securities
a. All of these choices. b. held-to-maturity c. trading d. available-for-sale
Anna's grandfather gave her stock worth $100,000 on her 18th birthday. During the current year, Anna receives $5,000 of dividends on the stock, which she uses to pay college expenses. The cost of Anna's tuition, fees, and books is $4,000. Anna's income from this event is:
A. $-0-. B. $1,000. C. $4,000. D. $5,000. E. $75,000.
A point in the network, that is at the beginning or end of a route is called a(n)
A) arc. B) branch. C) line. D) node. E) source.