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Mozart Co. owns 35% of Melody Inc. Melody pays $50,000 in cash dividends to its shareholders for the period. Mozart's entry to record the Melody dividend includes a:
a. Credit to Investment Revenue for$50,000.
b. Credit to Long-Term Investments for $17,500.
c. Credit to Cash for$17,500.
d. Debit to Long-Term Investments for $17,500.
e. Debit to Cash for$50,000.
In general, consolidated financial statements should be prepared:
a. when a corporation owns more than 20% of the common stock of another company
b. when a corporation owns more than 50% of the common stock of another company
c. whenever the market value of the stock investment is significantly lower than its cost
d. only when a corporation owns 100% of the common stock of another company
Which of the following statement is correct relative to posting with use of special journals?
A. The general ledger posting has to be ahead of subsidiary ledger posting.
B. The subsidiary ledger posting has to be ahead of general ledger posting.
C. The general ledger has to be coincide with the subsidiary ledger posting
D. No subsidiary ledger posting is necessary
Between nitrogen, phosphorus and arsenic we need to indicate which element has the smallest atomic size. The size of an atom increases going from top to bottom in a group, and it decreases going from left to right in a period. All these elements are in group 5. Nitrogen is in the second period, phosphorus is in the third period and arsenic is in the fourth period. Therefore the element with the smallest atomic size is nitrogen (N).
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