Assume That Oslo Corp

question 126

Multiple Choice

Assume that Oslo Corp. acquires 30% of Celdon Corp. for $300,000 on January 1, 2014. The journal entry on Oslo's books assuming Celdon's net income for 2014 was $500,000 would include a debit to

• A) No entry is necessary.
• B) Cash for $500,000.
• C) Cash for $150,000.
• D) Stock Investments for $150,000.

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Definitions:

Data Member

Variables that hold the data specific to an object and are defined inside a class in object-oriented programming.

Java.awt

A package in Java that contains classes for creating and managing graphical user interfaces and painting graphics and images.

GUI Program

Software applications that use a graphical user interface for interaction with the user, allowing for more intuitive control and data manipulation.

Radius

The distance from the center to the boundary of a circle, sphere, or other rounded geometric figure.