Use This Information to Answer the Following Question $\begin{array}{l}\text { Investment in Burns Corporation } &900\\\text { Cash }&&900\end{array}$

question 16

Multiple Choice

Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: The entry to record the receipt of the cash dividend from Burns Corporation is:

• A) \(\begin{array}{l} \text { Investment in Burns Corporation } &900\\ \text { Cash }&&900 \end{array}\)
• B) \(\begin{array}{l} \text { Cash } &900\\ \text { Dividend Income }&&900 \end{array}\)
• C) \(\begin{array}{l} \text {Dividend Income } &900\\ \text { Cash }&&900 \end{array}\)
• D) \(\begin{array}{l} \text {Cash } &900\\ \text { Investment in Burns Corporation }&&900 \end{array}\)

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Definitions:

Returns

The profit or loss derived from an investment over a specific period, expressed as a percentage of the investment's initial cost.

Probability

A measure or estimation of how likely an event is to occur, often expressed as a fraction or percentage.

Small-Company Stocks

Stocks of companies with relatively small market capitalization, often characterized by higher volatility and potentially higher returns.

Canadian Common Stocks

Shares of ownership in Canadian corporations that entitle holders to dividends and voting rights.