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Autumn Services,Inc

question 145

Multiple Choice

Autumn Services,Inc.acquired 140,000 shares of Spring Metals,Inc.on January 1,2018.Spring declares a cash dividend of $3.00 per share on February 15,2019 and pays the cash dividend on March 2,2019.With the current investment,Autumn Services,Inc.holds 8% of Spring's voting stock.Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2,2019) ?


Definitions:

MyPlate

An educational tool provided by the United States Department of Agriculture to guide individuals in eating a balanced diet comprising adequate proportions of different food groups.

Dietary Reference Intakes

A set of reference values used to plan and assess nutrient intakes of healthy people, including guidelines for vitamins, minerals, and other dietary components.

Dietary Guidelines for Americans

A set of recommendations aimed at promoting health and reducing the risk of chronic diseases through diet and physical activity, officially updated every five years.

Calorie Limits

Recommended maximum intake of calories per day to maintain or achieve a healthy weight and lifestyle.

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