Use the Following Information for Questions

question 100

Multiple Choice

Use the following information for questions
Desmond Corporation owns 3,000 of the 10,000 outstanding ordinary shares of Wetmore Corporation.During 2011, Wetmore earned £2,400,000 and paid cash dividends of £800,000.
-Greene Corporation sells 300 ordinary shares being held as an investment.The shares were acquired six months ago at a cost of $50 a share.Greene sold the shares for $40 a share.The entry to record the sale is

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Definitions:

Longevity

The length of time that an individual lives, often used in context of factors that contribute to a long life.

Life Span

The longest period that members of a species can live.

Life Expectancy

The average period that an individual is expected to live, based on statistical analysis.

Increased

Describes something that has grown or risen in number, size, quantity, or degree.