At the Beginning of 20X1, Anwar Ltd $$\begin{array} { | c | c | } \hline \text { DRCash } & 12,000 \\\hline \text { CR Investment in Cruz } & 12,000 \\\hline\end{array}$$

question 14

Multiple Choice

At the beginning of 20X1, Anwar Ltd. acquired 15% of the voting shares of Cruz Co. for $150,000. Anwar does not have any significant influence over Cruz. Anwar reports the investment using the cost method. In 20X1, Cruz earned net income of $70,000 and paid dividends of $40,000. In 20X2, Cruz earned net income of $80,000 and paid dividends of $100,000. At the end of 20X2, what journal entry should Anwar make on its books to record the dividends from Cruz?

• A) \[\begin{array} { | c | c | }
• \hline \text { DRCash } & 12,000 \\
• \hline \text { CR Investment in Cruz } & 12,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | c | }
• \hline \text { DRCash } & 15,000 \\
• \hline \text { CR Investment in Cruz } & 15,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | c | }
• \hline \text { DRCash } & 15,000 \\
• \hline \text { CR Investment income } & 15,000 \\
• \hline
• \end{array}\]
• D)No entry is required

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Definitions:

Third Wave

Describes the third phase of the feminist movement which began in the 1990s, focusing on individuality and diversity.

Feminism

A movement aiming to achieve equality between the sexes, particularly focusing on women's rights and opportunities.

Radical Feminism

A perspective within feminism that calls for a radical reordering of society to eliminate male supremacy in all social and economic contexts.

Research

is the systematic investigation into and study of materials and sources to establish facts and reach new conclusions, often involving the collection and analysis of data.