Maurice Corporation Invested $100,000 to Acquire 20,000 Shares of Delta

question 31

Multiple Choice

Maurice Corporation invested $100,000 to acquire 20,000 shares of Delta Technologies on March 1, 2015. On July 2, 2015, Delta pays a cash dividend of $0.25 per share. The investment is classified as an available-for-sale investment. Which of the following is the correct journal entry to record the transaction on July 2, 2015?

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Definitions:

Variable Costs

Costs that vary directly with the level of production or activity, such as materials and labor, in contrast to fixed costs.

Site Level

Refers to the specific location and its attributes within a larger geographic or organizational context, often considered in planning and development decisions.

Exchange Rates

The worth of one currency in terms of another for conversion purposes, showing the amount of one currency that can be swapped for a different one.

Ethical Issues

Concerns or problems that involve deciding what is right or wrong in a moral sense, often arising in business and professional settings.