Segmental Manufacturing Owns 35% of Glesson Corp

Multiple Choice

Segmental Manufacturing owns 35% of Glesson Corp. stock. Glesson pays a total of $47,000 in cash dividends for the period. Segmental's entry to record the dividend transaction would include a:

A) Credit to Investment Revenue for $47,000.
B) Credit to Long-Term Investments for $16,450.
C) Credit to Cash for $16,450.
D) Debit to Long-Term Investments for $16,450.
E) Debit to Cash for $47,000.