The Journal Entry Required to Record the Receipt of Dividends

question 16

Multiple Choice

The journal entry required to record the receipt of dividends under the fair value method of accounting for investments includes a

• A)credit to the investment account.
• B)debit to the investment account.
• C)credit to dividend income.
• D)debit to retained earnings.

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Definitions:

Main Effects

In statistical analysis, the direct impact of an independent variable on a dependent variable, ignoring the effects of other variables.

PG-13

A movie rating denoting that some material may be inappropriate for children under 13.

Participant Age

The age or age range of individuals involved in a study or experiment.

R-Rated

A classification by the Motion Picture Association for movies that may include strong content not suitable for children under 17 without adult supervision.