Multiple Choice
When a company receives a cash dividend from a short-term available-for-sale security, the journal entry is:
A) debit to Investment in Available-for-Sale Securities and credit Cash.
B) debit to Cash and credit to Dividend Revenue.
C) debit to Dividend Revenue and credit to Cash.
D) debit to Cash and credit to Investment in Available-for-Sale Securities.
Correct Answer:
Verified
Correct Answer:
Verified
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