Marjam Company owns 41,000 shares of MacKenzie Company's 100,000 outstanding shares of common stock.MacKenzie Company pays $25,000 in total cash dividends to its shareholders.Marjam's entry to record the cash dividend received from MacKenzie would include a:
A) Debit to Dividend Revenue for $10,250.
B) Debit to Interest Revenue for $10,250.
C) Credit to Equity Method Investments for $10,250.
D) Credit to Equity Method Investments for $25,000.
E) Credit to Dividend Revenue for $25,000.
Correct Answer:
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