Which of the Following Journal Entries Would Have to Be

question 23

Multiple Choice

Which of the following journal entries would have to be made to record X's share of Y's dividends paid for 2017?

• A)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 20,000 & \\
• \hline \text { Dividend Income } & & \$ 20,000 \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 20,000 & \\
• \hline \text { Investment in } Y & & \$ 20,000 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 20,000 & \\
• \hline \text { Dividend Income } & & \$ 17,500 \\
• \hline \text { Inestment in } Y & & \$ 2,500 \\
• \hline
• \end{array}\]
• D)No entry requireD.Share of dividends = $80,000 x 25% = $20,000.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently.

Erikson

Refers to Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on the psychological development of humans, which is characterized by eight stages from infancy to adulthood.

Self-Control

The ability to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses, as a form of self-discipline.

Attentional Regulation

Attentional Regulation involves controlling one's focus on tasks or stimuli, critical for cognitive performance and learning.