An Investor Owns 30% of the Outstanding Common Stock of Leshan

question 83

Multiple Choice

An investor owns 30% of the outstanding common stock of Leshan Company.Leshan Company reports net income of $100,000 for the current year.What journal entry should the investor prepare?

• A)debit Cash for $30,000 and credit Dividend Revenue for $30,000
• B)debit Cash for $30,000 and credit Equity-Method Investment for $30,000
• C)debit Equity-Method Investment for $30,000 and credit Equity-Method Investment Revenue for $30,000
• D)debit Equity-Method Investment Revenue for $30,000 and credit Equity-Method Investment for $30,000

Calculate the probability of the intersection of two events.

Calculate the conditional probability of one event given another.

Calculate the probability of the union of two events.

Understand and calculate the probability of complementary events.

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Definitions:

Global Warming

The long-term increase in Earth's average surface temperature due to human activities, primarily the emission of greenhouse gases.

Agriculture

The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.

Migrations

The movement of groups or individuals from one place to another, often for reasons such as economic opportunities or environmental factors.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.