Swixon Owns 17% of Nugoi as an Investment in an Associate.Nugoi

question 60

Multiple Choice

Swixon owns 17% of Nugoi as an investment in an associate.Nugoi paid $28,000 in total dividends to its shareholders.Swixon should record a

• A)Debit to Dividend Income for $28,000
• B)Debit to Dividend Income for $4,760
• C)Credit to Cash for $4,760
• D)Debit to Investment in Nugoi Common Shares for $4,760
• E)Credit to Investment in Nugoi Common Shares for $4,760

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Definitions:

University-Based

Associated with or situated in a university, often referring to educational programs, research, or activities conducted within the university environment.

Outpatient Rehabilitation

A form of therapeutic treatment provided to patients who return home after their sessions rather than staying in a hospital or residential facility.

Nurse-Managed

A health or care service or clinic that is primarily overseen and run by nurses, often focusing on primary care and preventive health measures.

Adult Day Care

A service for older adults and their caregivers offering a social and health services daytime program.