Autumn Services,Inc.acquired 140,000 shares of Spring Metals,Inc.on January 1,2018.Spring declares a cash dividend of $3.00 per share on February 15,2019 and pays the cash dividend on March 2,2019.With the current investment,Autumn Services,Inc.holds 8% of Spring's voting stock.Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2,2019) ?
A) 
B) 
C) No Entry
D) 
Correct Answer:
Verified
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