Solved

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

Question 87

Multiple Choice

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

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

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

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