The company owns 2,000 shares of Stock A and 6,000 shares of Stock B. The company received

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The company owns 2,000 shares of Stock A and 6,000 shares of Stock B. The company received dividends of $1.75 per share from Stock A and $0.97 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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Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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