Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ACCOUNTING, I need help (1) (2) (3) (4) (5) The rate of return on total assets is a ratio that measures the success a company
ACCOUNTING, I need help
(1)(2)(3)(4)(5)
The rate of return on total assets is a ratio that measures the success a company has in using its assets to earn income. A company invested $45,000 in Yale, Co. stock. The investment represented 5% of the voting stock of Yale, Co. If the Yale, Co. stock investment paid dividends, what account would be credited? Cash Interest Revenue Long-Term Investments - Available-for-Sale Dividend Revenue The Long - term Investments account is debited for the receipt of a dividend on an equity - method investment because the dividend increases the investee's equity. True False Significant interest investments must be accounted for using the equity method. True False The rate of return on total assets is a ratio that measures the success a company has in using its assets to earn income. True FalseStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started