Question: multiple choice 28. It is an entity over which the investor has significant influence a. Investee. b. Associate. c. Subsidiary. d. Parent. 29. Which of

multiple choice

28. It is an entity over which the investor has significant influence a. Investee. b. Associate. c. Subsidiary. d. Parent. 29. Which of the following is the proper recording of shares received in lieu of cash dividends? a. The shares received shall be recorded at its fair value. b. The shares received shall be recorded at its par value. c. The shares received shall be recorded at the amount of cash dividends that would have been received. d. The shares received shall be recorded by means of memorandum entry only. 30. Liquidating dividends are a. Considered as dividends income in the perspective of the investor. b. Considered as a return on investment. c. Are mandatorily paid every year. d. Are credited to the investment account

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