Multiple Choice
Micron owns 35% of Martok. Martok pays a total of $47,000 in cash dividends for the period. Micron's entry to record the dividend transaction would include a:
A) Credit to Long-Term Investments for $16,450.
B) Debit to Long-Term Investments for $16,450.
C) Debit to Cash for $47,000.
D) Credit to Cash for $16,450.
E) Credit to Investment Revenue for $47,000.
Correct Answer:
Verified
Correct Answer:
Verified
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