The journal entry to record the receipt of a cash dividend arising from an available- for- sale investment held by a company includes:
A) a debit to Cash and a credit to Dividend Revenue.
B) a debit to Unrealized Gain on Investment and a credit to Dividend Revenue.
C) a debit to Cash and a credit to Unrealized Gain on Investments.
D) no journal entry. Only a memorandum entry is required.
Correct Answer:
Verified
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