When a company receives a cash dividend from a short-term available-for-sale security, the journal entry is:

A) debit to Investment in Available-for-Sale Securities and credit Cash.
B) debit to Cash and credit to Dividend Revenue.
C) debit to Dividend Revenue and credit to Cash.
D) debit to Cash and credit to Investment in Available-for-Sale Securities.

B

Business

You might also like to view...

A broker fails to tell a buyer about a stigmatized issue. The buyer can have the Real Estate Commission investigate the broker.

a. true b. false

Business

SHA-1 is considered to be very secure

What will be an ideal response?

Business