West Corporation purchased 15,000 shares of Luffy Corporation common stock for $60 per share on January 2, 2009 . Luffy Corporation reported net income of $1,500,000 for 2009 and paid dividends of $300,000 during 2009 . Luffy has a total of 50,000 shares of common stock outstanding. The entry that would be recorded to recognize the income is:
a. Cash 90,000
Dividend Income 90,000
b. Investment in Luffy Corporation 450,000
Income, Luffy Corporation Investment 450,000
c. Dividend Income 450,000
Cash 450,000
d. Investment in Luffy Corporation 450,000
Cash 450,000
B
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A) intercompany tie-in B) intracompany tie-in C) overlay D) premium
Describe the process by which an appellate case gets heard before the U.S. Supreme Court.
What will be an ideal response?
Which of the following is an example of an organization's product/service-related objective?
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According to Table 13-1, if a random number of 00 is drawn, what would the simulated number of breakdowns be?
A) 0 B) 1 C) 2 D) 3 E) Not enough information provided