Perdue Company Had the Following Transactions Pertaining to Stock Investments

question 19

Multiple Choice

Perdue Company had the following transactions pertaining to stock investments: - February 1, Purchased 3,000 shares of Hudson Company (10% ownership) at the market price of $17 per share.
- June 1, Received cash dividends of $6,000 on Hudson Company stock.
- October 1, Sold 3,000 shares of Hudson stock for $54,000.
The entry to record the purchase of the Hudson stock would include a:

• A) debit to Long-Term Investment for $51,000.
• B) credit to Long-Term Investment for $51,000.
• C) credit to Dividend Revenue for $6,000.
• D) debit to Short-Term Investment for $6,000.

---

Definitions:

Race

A social construct that categorizes humans based on physical characteristics, ancestry, historical affiliation, or shared culture.

Precision Medicine

An approach to disease treatment and prevention that takes into account individual variability in genes, environment, and lifestyle for each person.

Specific Cohorts

Groups of individuals sharing a defining characteristic, often used in research or statistics to compare outcomes.

Tailor Treatment

Customizing medical care to the individual characteristics, needs, and preferences of a patient, often based on genetic information.