Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2024

Gaines Corporation invested $120.000 to acquire 24000 shows of Owens Technologies, Inc. on March 1, 2018. Only 2 2018. Owers pays a cash divided of

Gaines Corporation invested $120.000 to acquire 24000 shows of Owens Technologies, Inc. on March 1, 2018. Only 2 2018. Owers pays a cash divided of 30 pershan. The intent is classified guy series with no significant influence. Which of the following is the correct journal entry to record the action on July 2, 2017 8.000 6.000 OA Cash Equity Investments OB. Cash Retained ning OC Equity Investments 6.000 5,000 8,000 OD. Cash Dividend Revenue 8,000 6,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

A machine works for an exponentially distributed time with rate and then fails. A repair crew checks the machine at times distributed according to a Poisson process with rate ; if the machine is...

Answered: 1 week ago

Question

★★★★★

Richard Larkin has prepared the following list of statements about managerial accounting and financial accounting. 1. Financial accounting focuses on providing information to internal users. 2....

Answered: 1 week ago

Question

★★★★★

BE 11-3 Discount amortization Obj. 2 Using the bond from Basic Exercise 11-2, journalize the first interest payment and the amorti- zation of the related bond discount. OW BE 11-3 Discount...

Answered: 1 week ago

Question

★★★★★

I need help? Hip Manufacturing produces denim clothing. This year it produced 3,400 denim jackets at a cost of $102,000. These jackets were damaged in the warehouse during storage. Management...

Answered: 1 week ago

Question

★★★★★

Determine the x and y components of each of the forces shown.Determine the magnitude F and the angle theta with respect to the horizontal x axis of the resultant force vector F.Define vector F in the...

Answered: 1 week ago

Question

★★★★★

Organization: Conserveria Africana Ltd. in Nigeria Demonstrate the nexus between strategy and corporate social responsibility/sustainability and evaluate the concept of shared value. Please proper...

Answered: 1 week ago

Question

★★★★★

2. (4 points) Job 652 was recently completed. ABC Company has collected the following actual cost information about job 652: Manufacturing cost category Amount Direct manufacturing labor wages...

Answered: 1 week ago

Question

★★★★★

Calculate measures of central tendency and spread for coffee and tea. Create histograms and box-plots for both coffee and tea, displaying the number of years in each interval of consumption in...

Answered: 1 week ago

Question

★★★★★

work 3 LG Chem NMC-graphite cell specifications Nominal Discharge Voltage Rated Capacity Rated Discharge energy Open Circuit Voltage Cell Resistance Maximum Cell Voltage Minimum Cell Voltage Peak...

Answered: 1 week ago

Previous Question Next Question