Micron owns 35% of Martok Corp common shares,and is considered to have significant influence.Martok paid a total of $47,000 in common dividends.Micron would record the dividend transaction with a:
A) Credit to Investment in Martok Common Shares for $16,450.
B) Debit to Investment in Martok Common Shares for $16,450.
C) Debit to Cash for $16,450.
D) Credit to Dividends Earned for $16,450.
E) Credit to Investment in Martok Common Shares for $16,450 and Debit to Cash for $16,450.
Correct Answer:
Verified
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