The ____________ form of mediation strategy involves mediator application of rewards and inducements to entice the parties into making concessions and agreements.
Information pertaining to long-term stock investments in 2017 by Bell Corporation follows: Acquired 18% of the 250000 shares of common stock of Kansas Company at a total cost of $8 per share on January 1 2017. On July 1 Kansas Company declared and paid a cash dividend of $2 per share. On December 31 Kansas's reported net income was $654000 for the year. Obtained significant influence over Toto Company by buying 30% of Toto's 100000 outstanding shares of common stock at a total cost of $22 per share on January 1 2017. On June 15 Toto Company declared and paid a cash dividend of $1.50 per share. On December 31 Toto's reported net income was $280000. Instructions Prepare all necessary journal entries for 2017 for Bell Corporation.
Assume that a company has the following situations existing at its year-end: Required: Use "yes, " "no, " or "optional" to indicate whether each situation should or should not be classified as a current liability or if accrual is optional.