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Use This Information to Answer the Following Question $\begin{array}{l}\text { Investment in Burns Corporation } &900\\\text { Cash }&&900\end{array}$

Question 81

Multiple Choice

Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: $Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: The entry to record the receipt of the cash dividend from Burns Corporation is: A) \begin{array}{l} \text { Investment in Burns Corporation } &900\\ \text { Cash }&&900 \end{array} B) \begin{array}{l} \text { Cash } &900\\ \text { Dividend Income }&&900 \end{array} C) \begin{array}{l} \text {Dividend Income } &900\\ \text { Cash }&&900 \end{array} D) \begin{array}{l} \text {Cash } &900\\ \text { Investment in Burns Corporation }&&900 \end{array}$ The entry to record the receipt of the cash dividend from Burns Corporation is:

A)
$\begin{array}{l}\text { Investment in Burns Corporation } &900\\\text { Cash }&&900\end{array}$

B)
$\begin{array}{l}\text { Cash } &900\\\text { Dividend Income }&&900\end{array}$

C)
$\begin{array}{l}\text {Dividend Income } &900\\\text { Cash }&&900\end{array}$

D)
$\begin{array}{l}\text {Cash } &900\\\text { Investment in Burns Corporation }&&900\end{array}$