Multiple Choice
An investor receives a stock dividend on a long-term Investment in Available-for-Sale Securities.What journal entry is required?
A) debit Cash and credit Investment in Available-for-Sale Securities
B) debit Cash and credit Dividend Revenue
C) debit Investment in Available-for-Sale Securities and credit Investment Revenue
D) No journal entry is required.
Correct Answer:
Verified
Correct Answer:
Verified
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