An investor owns trading equity securities in Noah Company. Noah Company declared dividends of $300 during July. What entry is required in August when the dividends are received? 
Correct Answer:
Verified
Q13: Investments in equity securities are current assets
Q14: Income from trading and available-for-sale equity securities
Q15: Available-for-sale securities are:
A) actively 'traded' on the
Q16: Torborg Corp. purchased available-for-sale securities from Hensley
Q17: The recognition of unrealized gains on available-for-sale
Q19: When a company accounts for an investment
Q20: Trading securities of Sanchez Inc. were purchased
Q21: Walsh Company purchased 1,000 shares of Pierce
Q23: The cost method of accounting for long-term
Q24: The consolidation procedure of accounting for long-term
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