Micron owns 40% of the outstanding Martok Corp common shares.Martok paid $97,000 in total cash dividends to its shareholders.Micron's entry to record the transaction should include a:
A) Debit to Dividends for $97,000.
B) Debit to Dividends for $38,800.
C) Debit to investment in Martok Common Shares for $97,000.
D) Credit to Investment in Martok Common Shares for $38,800.
E) Debit to Cash for $97,000.
Correct Answer:
Verified
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