Receiving a stock dividend from an available-for-sale investment requires the following journal entry:
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 Unrealized Gain on Investment and a credit to Dividend Revenue.
D) no journal entry. Investor makes a memorandum entry in the accounting records.
Correct Answer:
Verified
Q64: The Unrealized Gain or the Unrealized Loss
Q65: Unrealized gains and losses from available-for-sale investments
Q66: Other comprehensive income:
A) is a separate section
Q67: The market value of an available-for-sale security
Q68: Able Company receives a stock dividend of
Q70: When accounting for available-for-sale securities, which of
Q71: The gain or loss on the sale
Q72: Receiving a stock dividend affects what part
Q73: The Allowance to Adjust Investment to Market
Q74: As a result of a stock dividend:
A)
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