Multiple Choice
Assume that Oslo Corp. acquires 30% of Celdon Corp. for $360,000 on January 1, 2017. If Celdon declares and pays $120,000 in total dividends on February 14th, the journal entry would include a credit to
A) Dividend Revenue for $120,000.
B) Dividend Revenue for $36,000.
C) Stock Investments for $36,000.
D) No entry is necessary.
Correct Answer:
Verified
Correct Answer:
Verified
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