Company PPP Has a Share Investment In, and Controls Company

question 6

Multiple Choice

Company PPP has a share investment in, and controls Company PPP (Owns 70% of the shares, purchased in 20X1) with a carrying amount of $200 000 at year end 20X4.Company QQQ reports an increase in owner's equity of $100 000 for the year ended 20X5 pays a cash dividend of $80 000 from this, of which Company PPP receives $56 000.Which journal entry will Company PPP process in respect of this investment, assuming that AASB 127.38A was not in effect during the period?

• A)Debit to cash, credit to investment, $126 000
• B)Debit to cash, credit to share of associate's profit or loss, $26 000
• C)Debit to cash, credit to dividend revenue, $56 000
• D)Debit to cash, $126 000, credit to investment, $56 000, credit to share of associate's profit or loss, $70 000.

Recognize the significance of building a network of contacts for job searching.

Acknowledge the steps involved in preparing a résumé and the importance of organization and content.

Understand the role of headhunters, job agents, and other methods in finding employment.

Comprehend the benefits and misconceptions about internships in career development.

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Definitions:

Nativism

A political policy or belief system favoring native inhabitants over immigrants, often manifesting in anti-immigrant sentiment and policies.

Americans

Citizens or nationals of the United States of America, often characterized by a diverse cultural heritage and history.

Transnational Identities

Complex personal and social identities formed by individuals who transcend traditional national boundaries and cultural affiliations, often due to migration, globalization, or digital connectivity.

Global Migrations

Movements of peoples across countries and continents for the purpose of settling, working, or fleeing conflict, which significantly shape economies and societies.