Mars Services, Inc pays $700,000 to acquire 35% (200,000 shares) of voting stock of Grey Investments, Inc on January 5, 2017
Grey Investments, Inc declares and pays a cash dividend of $2.4 per share on June 14, 2017. Which of the following is the correct journal entry for the transaction on June 14, 2017?
A)
Long-term Investments-Grey Investments, Inc. 480,000
Cash 480,000
B)
Cash 480,000
Dividend Revenue 480,000
C)
Cash 480,000
Long-term Investments-Grey Investments, Inc. 480,000
D)
Cash 480,000
Long-term Investments-Mars Services, Inc. 480,000
C
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What will be an ideal response?
The TMAP procedure includes each of the following steps except
A) define the project goals. B) list the knowns, unknowns, and constraints. C) sequence and link all team comments, responses and questions. D) conduct a feasibility study.