Solved

Use This Information to Answer the Following Question  Investment in Burns Corporation 900 Cash 900\begin{array}{l}\text { Investment in Burns Corporation } &900\\\text { Cash }&&900\end{array}

Question 16

Multiple Choice

Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation:  Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation:   The entry to record the receipt of the cash dividend from Burns Corporation is:   A)   \begin{array}{l} \text { Investment in Burns Corporation } &900\\ \text { Cash }&&900 \end{array}    B)   \begin{array}{l} \text { Cash } &900\\ \text { Dividend Income }&&900 \end{array}    C)   \begin{array}{l} \text {Dividend Income } &900\\ \text { Cash  }&&900 \end{array}     D)   \begin{array}{l} \text {Cash  } &900\\ \text { Investment in Burns Corporation }&&900 \end{array}      The entry to record the receipt of the cash dividend from Burns Corporation is:


A)
 Investment in Burns Corporation 900 Cash 900\begin{array}{l}\text { Investment in Burns Corporation } &900\\\text { Cash }&&900\end{array}

B)
 Cash 900 Dividend Income 900\begin{array}{l}\text { Cash } &900\\\text { Dividend Income }&&900\end{array}

C)
Dividend Income 900 Cash 900\begin{array}{l}\text {Dividend Income } &900\\\text { Cash }&&900\end{array}


D)
Cash 900 Investment in Burns Corporation 900\begin{array}{l}\text {Cash } &900\\\text { Investment in Burns Corporation }&&900\end{array}


Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions