Assume That Oslo Corp

question 180

Multiple Choice

Assume that Oslo Corp. acquires 30% of Celdon Corp. for $300,000 on January 1, 2014. If Celdon declares and pays $100,000 in total dividends on February 14th, the journal entry would include a credit to

• A) Dividend Revenue for $100,000.
• B) Dividend Revenue for $30,000.
• C) Stock Investments for $30,000.
• D) No entry is necessary.

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Definitions:

Osmotic Pressure

The pressure required to prevent the flow of solvent into a solution through a semipermeable membrane, driven by differences in solute concentration.

Receptor-Mediated Endocytosis

A cellular process by which cells absorb metabolites, hormones, proteins – and in some cases viruses – by the inward budding of plasma membrane vesicles containing proteins with receptor sites specific to the molecules being absorbed.

Hypotonic

Describes a solution with a lower concentration of solutes compared to another solution, leading to the movement of water into the cell.

Isotonic

A term used to describe a solution that has the same solute concentration as another solution, resulting in no net movement of water across a semipermeable membrane.