Hardin Park Company Had These Transactions Pertaining to Stock Investments

question 63

Multiple Choice

Hardin Park Company had these transactions pertaining to stock investments Feb. 1 Purchased 5,000 shares of Raley Company (10%) for $89,000 cash.
June 1 Received cash dividends of $1 per share on Raley stock.
Oct) 1 Sold 2,000 shares of Raley stock for $39,000.
Dec) 1 Received cash dividends of $2 per share on Raley stock.
The entry to record the receipt of the dividends June 1 would include a

• A) debit to Stock Investments of $5,000.
• B) credit to Dividend Revenue of $5,000.
• C) debit to Dividend Revenue of $5,000.
• D) credit to the Stock Investments of $5,000.

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Definitions:

Organic Societies

Societies characterized by complex differentiation and interdependence among its components, analogous to the organs of a living organism, often contrasted with simpler, more "mechanical" formations.

Collective Consciousness

is a term developed by Émile Durkheim to describe the set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society.

People's Beliefs

The various convictions or acceptances that individuals hold as true, often based on personal experiences, culture, or religion.

Social Currents

Broad, diffuse movements within society that influence collective behavior and beliefs without a formal organizational structure.