Hardin Park Company Had These Transactions Pertaining to Stock Investments

question 278

Multiple Choice

Hardin Park Company had these transactions pertaining to stock investments Feb. 1 Purchased 2,500 shares of Raley Company (10%) for $44,500 cash.
June 1 Received cash dividends of $1 per share on Raley stock.
Oct) 1 Sold 1,000 shares of Raley stock for $19,500.
Dec) 1 Received cash dividends of $2 per share on Raley stock.
The entry to record the receipt of the dividends Dec. 1 would include a

• A) debit to Stock Investments of $3,000.
• B) credit to Dividend Revenue of $3,000.
• C) debit to Dividend Revenue of $3,000.
• D) credit to the Stock Investments of $3,000.

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The optimal or most advanced technology available for a specific purpose or in a particular field.

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The process of lessening the volume of pollutants released into the atmosphere, typically from industrial processes or vehicular emissions.

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The Comprehensive Environmental Response, Compensation, and Liability Act, a U.S. law designed to clean up sites contaminated with hazardous substances.