On January 2, Yorkshire Company acquired 40% of the outstanding stock of Fain Company for $350,000. For the year ended December 31, Fain Company earned income of $91,000 and paid dividends of $28,000. Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company. Jan. 2 - Purchase Dec. 31 - Income Dec. 31 - Dividends

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right