McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $41,200 in cash dividends from Gondor. The entry to record this transaction should include a:
A) Debit to Dividends for $103,000.
B) Credit to Long-Term Investments for $41,200.
C) Debit to Dividend Revenue for $41,200.
D) Credit to Long-Term Investments for $103,000.
E) Credit to Cash for $41,200.
B) Credit to Long-Term Investments for $41,200.
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