The Following Information Pertains to Questions

question 44

Short Answer

The following information pertains to questions
On January 1,2000,X Inc.purchased 12% of the voting shares of Y Inc for $100,000.The investment is reported at cost.X does not have significant influence over Y.Y's net income and paid dividends for the following three years are as follows:
-Which of the following journal entries would have to be made to record X's share of Y's dividends paid for 2000?

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Definitions:

Energy Information Administration

A U.S. Government agency responsible for collecting, analyzing, and distributing energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.

Energy Storage Problem

Refers to the challenge of capturing energy produced at one time for use at a later time, important for renewable energy sources that don't produce power continuously.

Wind Turbines

Mechanical devices that convert wind energy into electrical energy.

Solar Power

Energy from the sun that is converted into thermal or electrical energy, considered a renewable and clean source of power.