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Use the information below to answer the following questions:
On 1 January 2012, Sky-High Ltd acquired 100 000 shares (30% of the voting interest) in Down Ltd for $600 000 cash. On 30 June 2012, Down Ltd announced its earnings per share for the first 6 months of 2012 at $1.50 per share. On 20 November, Down Ltd paid dividends to shareholders at $0.90 per share. On 31 December 2012, Down Ltd announced its earnings per share for 2012 at $2.80 per share (i.e., $1.30 additional since 30 June) .
-If Sky-High Ltd used the cost basis,which of the following accounting records would it make on 30 June 2012 in response to Down Ltd's earnings announcement?
Heart Knowledge
Understanding and knowledge about heart health, diseases, and the functioning of the cardiovascular system.
Document
A piece of written, printed, or electronic matter that provides information or evidence or serves as an official record.
Meditating
The practice of focusing the mind on a particular object, thought, or activity to train attention and awareness, and achieve a mentally clear and emotionally calm state.
Quiet Time
A period of calm or silence, used for relaxation, meditation, or reflection.
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