Dividends received from stock that is reported as available-for-sale securities in the balance sheet are reported as
Question:
Dividends received from stock that is reported as available-for-sale securities in the balance sheet are reported as which of the following?
a. An increase to cash and a decrease to the available-for-sale securities account.
b. An increase to cash and an unrealized gain on the balance sheet.
c. An increase to cash and an increase to dividend revenue.
d. An increase to cash and an unrealized gain on the income statement.
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c An increase to cash and an increase to dividend rev...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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