Segmental Manufacturing owns 35% of Glesson Corp stock. Glesson pays a total of $47,000 in cash dividends for the period. Segmental's entry to record the cash dividend received from Glesson would include a:
A. Debit to Cash for $47,000.
B. Credit to Investment Revenue for $47,000.
C. Credit to Cash for $16,450.
D. Credit to Equity Method Investments for $16,450.
E. Debit to Equity Method Investments for $16,450.
Answer: D
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