Use the Following Information to Answer Questions

question 12

Multiple Choice

Use the following information to answer questions
Lacey Inc. reported these transactions relating to marketable trading investments intended to generate profits and to be sold in the near term:
-The entry to record the receipt of the dividends on December 1 would include a

• A)credit to Dividend Revenue for $600.
• B)credit to Trading Investments for $600.
• C)credit to Dividend Revenue of $1,000.
• D)credit to Realized Gain for $1,000.

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Definitions:

Unpigmented Hairs

Hairs that lack color due to an absence or decrease in melanin production.

Hair Bulb

The rounded, club-shaped structure at the base of a hair follicle, containing actively dividing cells which produce the hair shaft.

Hair Root

The part of the hair located below the skin surface, anchored into the hair follicle, where hair growth begins.

Medulla

The inner region of an organ or tissue, especially in the adrenal glands and kidneys, or the lower part of the brainstem controlling vital functions.