Dividends received from a stock that is reported as a Security Available for Sale in the long-term
Question:
Dividends received from a stock that is reported as a Security Available for Sale in the long-term asset section of the balance sheet are reported as which of the following?
a. an increase to cash and a decrease to the investment in stock account
b. an increase to cash and an unrealized gain on the balance sheet
c. an increase to cash and an increase to revenue
d. an increase to cash and an unrealized gain on the income statement
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: