Aurum Services Inc

question 88

Multiple Choice

Aurum Services Inc.acquired 100,000 shares of Gamma Metals Inc.on January 1,2015.Gamma pays a cash dividend of $0.25 per share on March 2,2015.With the current investment,Aurum Services Inc.holds 8% of Gamma.In the journal entry on March 2,2015,________.

• A)Long-term Investments-Available-for-Sale will be credited
• B)Dividend Revenue will be credited
• C)Long-term Investments-Held-to-Maturity will be debited
• D)Long-term Investments-Available-for-Sale will be debited

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Definitions:

Poor Reliability

The lack of consistency in the outcomes of a measure or test over time.

Poor Validity

Refers to the degree to which an assessment or measurement tool fails to accurately reflect the concept it is intended to measure.

Flynn Effect

The observation that IQ scores have historically increased from one generation to another, worldwide.

Theory of Intelligence

Conceptual frameworks designed to understand the various aspects and abilities attributed to intelligence.