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Bleth Owns 40% of the Outstanding Aurora Corp Common Shares

Question 87

Multiple Choice

Bleth owns 40% of the outstanding Aurora Corp common shares.Aurora paid $127,000 in total cash dividends to its shareholders.Bleth's entry to record the transaction should include a


A) Debit to Dividends for $127,000
B) Debit to Dividends for $50,800
C) Debit to investment in Martok Common Shares for $127,000
D) Credit to Investment in Martok Common Shares for $50,800
E) Debit to Cash for $127,000

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