Assume That Oslo Corp

question 180

Multiple Choice

Assume that Oslo Corp. acquires 30% of Celdon Corp. for $300,000 on January 1, 2014. If Celdon declares and pays $100,000 in total dividends on February 14th, the journal entry would include a credit to

• A) Dividend Revenue for $100,000.
• B) Dividend Revenue for $30,000.
• C) Stock Investments for $30,000.
• D) No entry is necessary.

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