Assume that Oslo Corp. acquires 30% of Celdon Corp. for $300,000 on January 1, 2014. If Celdon declares and pays $100,000 in total dividends on February 14th, the journal entry would include a credit to

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Oslo Corp. owns 30% of Celdon Corp., so it would recognize 30% of the dividends as a reduction in the investment account, not as dividend revenue. Therefore, the entry would include a credit to Stock Investments for $30,000 (30% of $100,000).

Assume That Oslo Corp