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12. Assume that Oslo Corp. acquires 30% of Celdon Corp. for $360,000 on January 1, 2017. If Celdon declares and pays $120,000 in total dividends
12. Assume that Oslo Corp. acquires 30% of Celdon Corp. for $360,000 on January 1, 2017. If Celdon declares and pays $120,000 in total dividends on February 14th, the journal entry would include a credit to a. Dividend Revenue for $120,000. b. Dividend Revenue for $36,000. c. Stock Investments for $36,000 d. No entry is necessary
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
ISBN: 978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
