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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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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Question Posted: Feb 02, 2024 05:01 AM

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A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of

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Horngrens Financial And Managerial Accounting The Managerial Chapters

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