The Journal Entry to Record the Receipt of a Stock

Multiple Choice

The journal entry to record the receipt of a stock dividend arising from an available- for- sale investment held by a company includes:

A) a debit to Cash and a credit to Dividend Revenue.
B) a debit to Cash and a credit to Unrealized Gain on Investments.
C) no journal entry. Only a memorandum entry is required.
D) a debit to Unrealized Gain on Investment and a credit to Dividend Revenue.