Blanton Corporation purchased 17% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record dividends from Worton Corporation?
A) debit Investment in Worton Corporation; credit Cash
B) debit Cash; credit Dividend Revenue
C) debit Investment in Worton Corporation; credit Income of Worton Corporation
D) debit Cash; credit Investment in Worton Corporation
B
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Give an example of an intangible abstract concept in service promotion
What will be an ideal response?
List and briefly describe the steps to conducting an investigation of misconduct. Then, describe the three possible conclusions that can be drawn upon completing such an investigation
What will be an ideal response?
Factory workers record attendance and job time at a payroll service bureau.
Answer the following statement true (T) or false (F)