Essay
On October 31,Augustas Co.received cash dividends of $0.15 per share from its investment in Lamb Corp.'s common stock.Augustas owned 1,200 shares of Lamb Corp.'s stock on October 31 and the investment is considered a stock investment with insignificant influence.Prepare the investor's journal entry to record the receipt of the cash dividends.
Correct Answer:
Verified
Correct Answer:
Verified
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