When a Company Receives a Cash Dividend from a Trading

question 31

Multiple Choice

When a company receives a cash dividend from a trading investment, the journal entry includes:

• A)a debit to cash and credit to dividend revenue.
• B)a debit to dividend revenue and credit to cash.
• C)a debit to cash and credit to trading investment.
• D)none of the above.

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Definitions:

Living Tissue

Biological tissue consisting of living cells and the materials surrounding them, functioning as part of an organism.

Injury

Physical harm or damage to the body caused by external force or substance.

Emergency Medical Services

Health care services provided in response to an urgent medical condition, involving immediate assessment, treatment, and transport of patients.

First Aid

The immediate assistance given to any person suffering from either a minor or serious illness or injury, with care provided to preserve life, prevent the condition from worsening, or promote recovery.