An Investor Owns Passive Equity Investments in Noah Company $\begin{array}{lrr} \text { Cash } &300\\ \text { Dividends Receivable } &&300\\\end{array}$

An investor owns passive equity investments in Noah Company. Noah Company declared dividends of $300 during July. What entry is required in August when the dividends are received?
a.
$\begin{array}{lrr} \text { Cash } &300\\ \text { Dividends Receivable } &&300\\\end{array}$

b.
$\begin{array}{lrr} \text { Dividends Receivable } &300\\ \text { Short-term Equity Investments} &&300\\\end{array}$

c.
$\begin{array}{lrr} \text { Dividends Receivable} &300\\ \text { Dividend Revenue } &&300\\\end{array}$

d.
$\begin{array}{lrr} \text {Cash } &300\\ \text { Trading Securities } &&300\\\end{array}$