When a company receives a cash dividend from a trading investment, the journal entry includes:
A) a debit to cash and credit to dividend revenue.
B) a debit to dividend revenue and credit to cash.
C) a debit to cash and credit to trading investment.
D) none of the above.
Correct Answer:
Verified
Q19: The purpose of owning trading securities is
Q20: Investments that a company plans to hold
Q21: Unrealized gains on trading investments can occur
Q22: The ABC Company is preparing its financial
Q25: Realized gains and losses occur when:
A)the investment
Q26: Investments in trading securities are reported on
Q27: Unrealized gains and losses occur when:
A)the investment
Q28: Trading securities purchased for $400,000 were valued
Q29: Trading securities purchased in 2010 for $85,000
Q55: Accounts (trade)receivables are amounts to be collected
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