Aurum Services Inc.acquired 100,000 shares of Gamma Metals Inc.on January 1,2015.Gamma declares a cash dividend of $0.25 per share on February 15,2015 and pays the cash dividend on March 2,2015.With the current investment,Aurum Services Inc.holds 8% of Gamma's voting stock.Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2,2015)?
C)No Entry

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The Answer of Aurum Services Inc.acquired 100,000 shares of Gamma Metals Inc.on January 1,2015.Gamma declares a cash dividend of $0.25 per share on February 15,2015 and pays the cash dividend on March 2,2015.With the current investment,Aurum Services Inc.holds 8% of Gamma's voting stock.Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2,2015)?
C)No Entry