Question: 8 1 points SAVE ANSWER Candy Limited acquired a 30% investment in Rita Limited for $150,000. Rita declared and paid a dividend of $8,000. Candy

8 1 points SAVE ANSWER Candy Limited acquired a 30% investment in Rita Limited for $150,000. Rita declared and paid a dividend of $8,000. Candy Limited does not prepare consolidated financial statements. The appropriate entry for the investor to record this dividend is: a. DR Investment in associate $2,400; CR Dividend revenue $2,400 b. DR Cash $2,400; CR Investment in associate $2,400 c. DR Cash $2,400; CR Dividend revenue $2,400 d. DR Dividends payable $2,400; CR Cash $2,400

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