Coral LtdOwns 100% of Ambrose Ltd

question 29

Multiple Choice

Coral Ltd.owns 100% of Ambrose Ltd.Coral uses the cost method to record this subsidiary.Coral received $150,000 in dividends from Ambrose.What journal entry should Coral make on its consolidation worksheet with respect to the dividends?

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Definitions:

Sulfur Trioxide

A chemical compound with the formula SO3, which is a key intermediate in the sulfuric acid manufacturing process, known for its role in acid rain formation when released into the atmosphere.

Dihydrogen Selenide

A chemical compound with the formula H2Se, a colorless, toxic gas with the smell similar to rotten horseradish.

Sulfur Tetrafluoride

A chemical compound with the formula SF4, known for its unique geometry and ability to act as a ligand in coordination complexes.

Bromo Monochloride

Likely referring to a molecule consisting of bromine and chlorine atoms, although its correct formula and commonly used name might be different.