Queen Ltd Reports Its Investment in Kramer Co

question 23

Multiple Choice

Queen Ltd. reports its investment in Kramer Co. on an equity basis. During the year, Queen received $15,000 in dividends from Kramer. How should Queen report these dividends?

• A)As dividend income on its statement of changes in equity-retained earnings section.
• B)As dividend income in its statement of comprehensive income.
• C)As an increase to the "Investment in Kramer Co." account on its statement of financial position.
• D)As a decrease to the "Investment in Kramer Co." account on its statement of financial position.

---

Definitions:

Reward System

A structured plan designed to motivate and compensate individuals, often used in organizational settings to encourage desired behaviors or achievements.

Team Accomplishments

Achievements or successes achieved through the collaborative efforts of a group working together.

Individual Contributions

The unique skills, ideas, or efforts an individual brings to a team or project.

Political Behavior

Actions taken by individuals or groups within an organization that are aimed at using power and other resources to influence company policies or decisions.