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    Fundamental Accounting Principles Study Set 1
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    Exam 15: Investments
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    A Company Received Dividends of $0
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A Company Received Dividends of $0

Question 32

Question 32

True/False

A company received dividends of $0.35 per share on 300 shares of stock it holds as an investment. The journal entry to record this transaction would be to debit Cash for $105 and credit Dividend Revenue for $105.

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