A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of
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A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of Yale Co. If the Yale Co. stock investment paid dividends, what account would be credited?
a. Equity Investments
b. Interest Revenue
c. Dividend Revenue
d. Cash
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Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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