Prepare the journal entries for the following transactions for morgan co.

(a)morgan co. purchased 23,000 shares of the total of 100,000 outstanding shares of gordon corp. stock for $10 per share plus a $400 commission.
(b)gordon corp.'s total earnings for the period are $80,000.
(c)gordon corp. paid a total of $45,000 in cash dividends.

(a)

Dr Investment in Gordon Corp.               230,400

Cr Cash                                                     230,400

( to record investment in Gordon Corp.; calculated as 10 x 23,000 + 400)

(b)

Dr Investment in Gordon Corp.                18,400

Cr Share of Gordon Corp earning           18,400

( to record share of profit in Gordon Corp, calculated as % of Gordon Corp share owned x Gordon Corp's earnings = 23,000/100,000 x 80,000)

(c)

Dr Cash                                              45,000

Cr Investment in Gordon Corp.       45,000

( Record dividend receipt from Gordon Corp)

Explanation:

Further explanation, as Morgan Co. acquires 23% of Gordon Corp. ( 23,000/100,000); equity method should be applied.

leadership is very broad so there is no definitive answer to your question. You have autocratic leadership which is as your question put it, exercising power over others, but then you have democratic leadership which is exercising cooperation with others by allowing a consensus between all members in order to achieve a goal. both are effective in different scenarios. in short, to answer your question, I would say false, because of the different leadership styles quick can also be effective which will disprove that autocratic leadership is the only effective type of leadership