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    Financial and Managerial Accounting Study Set 1
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    Exam 26: Investments
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    A Company Received Dividends of $0
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A Company Received Dividends of $0

Question 112

Question 112

True/False

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

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