Multiple Choice
Use the following information to answer questions
Wells Inc.reported these transactions relating to marketable trading investments intended to generate profits and to be sold in the near term:
-The entry to record the receipt of the dividends on Jun 1 would include a
A) debit to Trading Investments for $1,500.
B) debit to Dividend Revenue for $1,500.
C) credit to Dividend Revenue for $1,500.
D) credit to Strategic Investments for $1,500.
Correct Answer:
Verified
Correct Answer:
Verified
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