Assuming That Errant Uses the Cost Method, What Would Be

question 64

Multiple Choice

Assuming that Errant uses the Cost Method, 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)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 9,000 & \\
• \hline \text { Dividend Income } & & \$ 9,000 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | l | l | l | }
• \hline & \text { Debit } & \text { Credit } \\
• \hline \text { Cash } & \$ 9,000 & \\
• \hline \text { Acquisition Income } & & \$ 9,000 \\
• \hline
• \end{array}\]

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Definitions:

Syllables

Units of organization for sequences of speech sounds, typically consisting of a vowel sound with or without surrounding consonants.

Phonemes

The smallest units of sound in a language that can distinguish one word from another.

Decoding

The ability to interpret or translate a sequence of symbols (such as letters and words) into meaningful information.

Phonological Awareness

The ability to recognize and manipulate sounds in language, a critical foundational skill for reading and spelling.