Pravis Corporation Owns 30% of Kuster Corporation

question 137

Multiple Choice

Pravis Corporation owns 30% of Kuster Corporation.Pravis Corporation received $9,000 in cash dividends from Kuster Corporation.The entry to record receipt of these dividends is:

• A)Debit Cash,$9,000;credit Long-Term Investments,$9,000.
• B)Debt Long-Term Investment,$9,000;credit Cash,$9000.
• C)Debit Cash,$9,000;credit Interest Revenue,$9,000.
• D)Debit Unrealized Gain-Equity,$9,000;credit Cash,$9,000.
• E)Debit Cash,$9,000;credit Dividend Revenue,$9,000.

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Definitions:

Mediators

Neutral third parties who assist in negotiations and conflict resolution by facilitating communication between the parties to help them reach a mutually acceptable agreement.

Disputing Parties

Individuals, groups, or organizations involved in a conflict or disagreement seeking resolution.

Pressured Mediation

A mediation process in which parties are influenced or coerced by external forces, constraints, or deadlines to reach an agreement.

Satisfactory Process

An approach or procedure during negotiations or other activities that leads to acceptable or pleasing outcomes for involved parties.