The company owns 2,000 shares of Stock A and 4,000 shares of Stock B. The company received
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The company owns 2,000 shares of Stock A and 4,000 shares of Stock B. The company received dividends of $2.50 per share from Stock A and $0.65 per share from Stock B. The company classifies Stock A as a trading security and Stock B as an available-for-sale security. Make the journal entry or entries necessary to record the receipt of the cash dividends.
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Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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