What Would Be the Journal Entry to Record the Dividends

question 63

Multiple Choice

What would be the journal entry to record the dividends received by Errant during the year?

• A)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 9,000 & \\
• \hline \text { Investment in Grub } & & \$ 9,000 \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 9,000 & \\
• \hline \text { Equity method inc ome } & & \$ 9,000 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 9,000 & \\
• \hline \text { Acquisition Differential } & & \$ 9,000 \\
• \hline
• \end{array}\]

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Definitions:

Prejudice

A preconceived opinion that is not based on reason or actual experience, often directed toward people or groups based on their membership in a particular category.

Multicultural Ideology

A worldview in which different cultural identities and viewpoints are acknowledged and appreciated.

Celebrate Diversity

The act of recognizing, respecting, and valuing differences among individuals in terms of ethnicity, gender, age, national origin, disability, sexual orientation, education, and religion.

Ignore Differences

The deliberate or unintentional refusal to recognize or acknowledge variations between entities or pieces of information.