Ashbrook Services,Inc.acquired 126,000 shares of Gamma Metals,Inc.on January 1,2017.Gamma declares a cash dividend of $2.25 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) 
B) 
C) No Entry
D) 
Correct Answer:
Verified
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