When a Parent Company Purchases Shares in a Subsidiary Company

question 12

Multiple Choice

When a parent company purchases shares in a subsidiary company for cash and the shares are cum div,the journal entry in the parent's accounts is:

• A)Debit Shares in subsidiary Debit Dividend receivable Credit Cash
• B)Debit Shares in subsidiary Credit Cash Credit Dividend payable
• C)Debit Dividend payable Credit Cash
• D)Debit Cash Credit Dividend revenue

Calculate and interpret the probability of events under specific conditions using appropriate statistical models.

Understand the concept of independence in probability and its implications.

Apply concepts of means and standard deviations to find probabilities in Normal distribution scenarios.

Recognize and calculate probabilities involving uniform distributions within given ranges.