What Would Be the Journal Entry to Record the Dividends

question 39

Multiple Choice

What would be the journal entry to record the dividends received by Kho Inc. during the year?

• A)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 50,000 & \\
• \hline \text { Investment in Lan } & & \$ 50,000 \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 45,000 & \\
• \hline \text { Acquisition Differential } & & \$ 45,000 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 45,000 & \\
• \hline \text { Dividend Income } & & \$ 45,000 \\
• \hline
• \end{array}\]

Recognize appropriate and inappropriate uses of home equity loans.

Understand strategies for improving one's credit score.

Know consumer protection laws regarding credit and how they apply to individuals.

Understand the 5 C's of credit and their significance in the credit decision process.

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Definitions:

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, often accompanied by physical symptoms.

Medication

Substances used to diagnose, treat, or prevent illness and improve health.

Diagnostic

Pertaining to the identification of a disease or condition through evaluation of symptoms, history, and often advanced testing methods.

Statistical Manual

A handbook or guide detailing methods and standards for statistical measurement and analysis.