Acme Company owns 35% of Superior Company.Superior Company declared and paid $33,000 cash dividends for the year.Acme Company's journal entry to record the dividends includes a:
A) credit to Equity-method Investment for $11,550.
B) credit to Equity-method Investment for $33,000.
C) credit to Dividend Revenue for $11,550.
D) credit to Dividend Revenue for $33,000.
Correct Answer:
Verified
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