Use the Following Information to Answer Questions

question 9

Multiple Choice

Use the following information to answer questions
Wells Inc.reported these transactions relating to marketable trading investments intended to generate profits and to be sold in the near term:

-The entry to record the receipt of the dividends on Jun 1 would include a

• A)debit to Trading Investments for $1,500.
• B)debit to Dividend Revenue for $1,500.
• C)credit to Dividend Revenue for $1,500.
• D)credit to Strategic Investments for $1,500.

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Definitions:

Scan Function

In automation, particularly in PLC (Programmable Logic Controller) systems, the scan function refers to the cyclic process where the system reads inputs, executes logic, and updates outputs systematically.

Horizontal

Refers to an orientation or position that is parallel to the ground or baseline, often used to describe direction or alignment.

Vertical

Referring to the direction or orientation that is perpendicular to the horizon or ground level, often used in spatial descriptions.