Question: Multiple Choice Question 57 Bramble Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2240 shares of Teal Mountain Company (10%) for $57120

Multiple Choice Question 57 Bramble Company had these transactions pertaining to

Multiple Choice Question 57 Bramble Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2240 shares of Teal Mountain Company (10%) for $57120 cash. June 1 Received cash dividends of s4 per share on Teal Mountain stock. Oct. 1 Sold 1150 shares of Teal Mountain stock for $31050. The entry to record the receipt of the dividends on June 1 would include a debit to Dividend Revenue for $8960. credit to Stock Investments for $8960. O debit to Stock Investments for $8960. O credit to Dividend Revenue for $8960

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