Ashbrook Services,Inc B) C)No Entry
D) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 256,000 & \\\hline \text { Dividend Revenue } & & 256,000 \\\hline\end{array}$$

Ashbrook Services,Inc.acquired 128,000 shares of Gamma Metals,Inc.on January 1,2017.Gamma declares a cash dividend of $2.00 per share on February 15,2017 and pays the cash dividend on March 2,2017.With the current investment,Ashbrook Services,Inc.holds 11% 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 2,2017) ?

A) $$\begin{array} { | l | l | l | } \hline \text { Cash } & 256,000 & \\\hline \text { Long-term Investments-Trading } & & \\\text { Investments } & & 256,000 \\\hline\end{array}$$
B) $$\begin{array} { |l | r | r | } \hline \text { Cash } & 256,000 & \\\hline \text { Long-term Investments-Available-for-Sale } & & 256,000 \\\hline\end{array}$$
C) No Entry
D) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 256,000 & \\\hline \text { Dividend Revenue } & & 256,000 \\\hline\end{array}$$