143.) Reporting investments at fair value is?

A.)	a conservative approach because only losses are recognized.

B.) applicable to both debt and equity securities.

C.) applicable to equity securities only.

D.) applicable to debt securities only.

Wildhorse Co. had these transactions pertaining to stock investments

Feb. 1	Purchased 6000 shares of Raley Company (10%) for $107400 cash.
June 1	Received cash dividends of $1 per share on Raley stock.
Oct. 1	Sold 2600 shares of Raley stock for 50440.
Dec. 1	Received cash dividends of $2 per share on Reley stock.

93.) Wildhorse Co. had these transactions pertaining to stock investments

Feb. 1	Purchased 6000 shares of Raley Company (10%) for $107400 cash.
June 1	Received cash dividends of $1 per share on Raley stock.
Oct. 1	Sold 2600 shares of Raley stock for 50440.
Dec. 1	Received cash dividends of $2 per share on Reley stock.

The entry to record the receipt of the dividends Dec. 1 would include a?

A.)	credit to the Stock Investments of $6800.

B.) debit to Stock Investments of $6800.

C.)credit to Dividend Revenue of $6800.

D.)	Debit to Dividend Revenue of $6800.

127.) Assume that Indigo Corp. acquires 35% of Monty Corp. for $360000 on January 1, 2017. If Monty declares and pays $160000 in total dividends on February 14th, the journal entry would include a credit to?

A.)	Stock Investments for $56000.

B.)	Dividend Revenue for $160000.

C.)No entry is necessary.

D.)Dividend Revenue for $56000.