Charlene owns 40% of Liu's common stock. Liu pays $97,000 in total cash dividends to its shareholders. Charlene's entry to record this transaction should include a:
A) Debit to Dividends for $97,000.
B) Credit to Dividend Revenue for $38,800.
C) Debit to Long-Term Investments for $97,000.
D) Credit to Long-Term Investments for $38,800.
E) Debit to Cash for $97,000.
Answer: D) Credit to Long-Term Investments for $38,800.
Business
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Two cities have populations of 10,000 and 160,000 . Based on Reilly's law, the point of indifference is 40 miles from the larger city. What is the total distance between each city?
a. 40 miles b. 45 miles c. 50 miles d. 60 miles
Business
Although countries such as China and India are currently relatively poor, their economies are already large in absolute terms and growing more rapidly than those of many advanced nations
Indicate whether the statement is true or false.
Business