Forest Ltd

question 17

Multiple Choice

Forest Ltd. reports its investment in Leeds Co. on an equity basis. During the year, Forest received $10,000 in dividends from Leeds. How should Forest report these dividends?

• A)As an increase to the "Investment in Leeds Co." account on its statement of financial position
• B)As a decrease to the "Investment in Leeds Co." account on its statement of financial position
• C)As dividend income on its statement of changes in equity-retained earnings section
• D)As dividend income in its statement of comprehensive income

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Definitions:

Self-help Groups

Peer-led groups that offer members support and advice for managing or overcoming specific illnesses, conditions, or life challenges.

Therapist

An expert educated to offer psychological advice and assistance to individuals, pairs, or collectives.

Anonymity

The condition of being anonymous, where an individual's identity is not known or is deliberately concealed.

Group Therapy

A type of psychological therapy where one or multiple therapists treat a group of individuals simultaneously.