An investor receives a stock dividend from a long-term available-for-sale investment. Which journal entry is required?
A) a debit to Cash and a credit to Dividend Revenue
B) a debit to Cash and a credit to Unrealized Gain on Investments
C) a debit to Investment in Available-for-Sale Securities and a credit to Dividend Revenue
D) a memorandum entry only
Correct Answer:
Verified
Q18: For accounting purposes,the method used to account
Q55: Realized gains and losses from long-term available-for-sale
Q57: Pansee Company had the following transactions pertaining
Q58: Unrealized gains and losses from long-term available-for-sale
Q59: If 15% of the common stock of
Q61: A company has a long-term investment in
Q62: The gain or loss on the sale
Q63: Which is the most reliable method for
Q64: The Allowance to Adjust Investment in Available-for-Sale
Q65: Following U.S. Generally Accepted Accounting Principles, the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents