A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of

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A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of Yale Co. If the Yale Co. stock investment paid dividends, what account would be credited?

a. Equity Investments.

b. Interest Revenue.

c. Dividend Revenue.

d. Cash

Related Book For answer-question

Introduction to Accounting An Integrated Approach

ISBN: 978-0078136603

6th edition

Authors: Penne Ainsworth, Dan Deines

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Posted Date: Feb 27, 2019 01:55 AM

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A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of

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Dividend Dividend is that portion of the profits which is distributed to the shareholders in proport... View the full answer

Introduction to Accounting An Integrated Approach

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