At the Beginning of 20X1,Rally Ltd

question 24

Multiple Choice

At the beginning of 20X1,Rally Ltd.acquired 18% of Neily Co.for $90,000.Rally has significant influence over Neily.Rally records the investment in Neily using the cost method.Rally's share of Neily's income was $29,000 for 20X1 and $33,000 for 20X2.Rally received dividends from Neily of $25,000 for 20X1 and $35,000 in 20X2.For reporting purposes in 20X2,what adjustment must be made to recognize Rally's share of Neily's 20X2 income?

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Definitions:

Selective Attachment Phase

A stage in the development of attachment where an infant shows a strong preference for certain familiar people over others, typically occurring around 7-9 months of age.

Initial-Preattachment Phase

The earliest stage in a child's attachment development, characterized by indiscriminate sociability and lack of distress when interacting with unfamiliar individuals.

Feeding Schedules

Planned intervals or times set for eating, used to maintain regularity in the consumption of food, especially important in dietary management for infants, pets, and certain medical conditions.

Negative Withdrawal

refers to the act or feeling of psychological or emotional detachment, often as a coping mechanism in response to stress or trauma.