At the Beginning of 20X1,Anwar Ltd

question 32

Multiple Choice

At the beginning of 20X1,Anwar Ltd.acquired 15% of the voting shares of Cruz Co.for $150,000.Anwar does not have any significant influence over Cruz.Anwar reports the investment using the cost method.In 20X1,Cruz earned net income of $70,000 and paid dividends of $40,000.In 20X2,Cruz earned net income of $80,000 and paid dividends of $100,000.At the end of 20X2,what journal entry should Anwar make to record the dividends from Cruz?

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Definitions:

Client's Memory

Refers to the recall and retention abilities of a client, often assessed in therapeutic or clinical settings.

Situational Test

A type of assessment designed to measure a person's responses and behaviors in simulated environments or scenarios that mimic real-life situations.

Performance-Based Assessment

An evaluation method where students are assessed on their ability to perform tasks or activities, rather than through traditional tests.

Assessment Instruments

Tools or methods used to evaluate, measure, or otherwise assess various dimensions of behavior, ability, or achievement.