On October 31, Augustas Co. received cash dividends of $0.15 per share from its investment in Lamb Corp.'s common stock. Augustas owned 1,200 shares of Lamb Corp.'s stock on October 31 and the investment is considered a stock investment with insignificant influence. Prepare the investor's journal entry to record the receipt of the cash dividends.

What will be an ideal response?



Oct 31Cash (1,200 * $0.15)180?
?  Dividend Revenue?180

Business

You might also like to view...

Which of the following countries is one of the five economic "tigers" of East Asia?

A) Indonesia B) Malaysia C) Thailand D) Taiwan

Business

Asking or requiring employees to ______ is the quickest and easiest way to fix a labor shortage.

A. hire their friends B. work slower C. work overtime D. take vacation

Business

Which of the following should be included in the cost of land?

A) cost to build sidewalks on the land B) cost to clear the land of old buildings C) cost of installing signage D) cost of installing fences

Business

Over time, there has been a high correlation between actual rates of return on securities and the

securities' standard deviations of returns. Indicate whether the statement is true or false

Business