On January 2,2018,Surfside Co

question 96

Multiple Choice

On January 2,2018,Surfside Co.purchased 12,000 shares of Sand,Inc.for $240,000.The investment represented 12% of Sand's outstanding shares.On December 31,2018 each share of Sand was selling for $19 per share and on December 31,2019 each share of Sand was selling for $23 per share.
-Which of the following correctly presents the entries made by Surfside to its investment account for this investment?

• A)January 2,2018,debit $240,000;December 31,2018,credit $12,000;December 31,2019,debit $48,000.
• B)January 2,2018,debit $240,000;December 31,2018,credit $12,000;December 31,2019,debit $36,000.
• C)January 2,2018,debit $240,000;December 31,2018,debit $12,000;December 31,2019,credit $36,000.
• D)January 2,2018,credit $240,000;December 31,2018,debit $12,000;December 31,2019,credit $48,000.

---

Definitions:

Performance Appraisal Process

A systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Valid Performance Measurements

Indicators or metrics that accurately reflect the actual performance or productivity of an individual or organization.

Industry Experts

Individuals with extensive knowledge and experience in a specific field, recognized for their expertise and often consulted for their opinions.

Indicators Of Performance

Quantitative or qualitative measurements used to evaluate and track the efficiency, effectiveness, or success of an individual, group, or organization's activities.