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18 10 pts ABC Corp owns several shares of XYZ Inc stock (less than 20% of the voting shares. ABC Corp received a check for
18 10 pts ABC Corp owns several shares of XYZ Inc stock (less than 20% of the voting shares. ABC Corp received a check for $5,000 for stock dividends from XYZ Inc. What is the journal entry that ABC Corp would write the this transaction? DR Cash $5,000; CR Dividend Revenue $5,000 DR Dividend Revenue $5,000; CR Cash $5,000 DR Cash $5,000; CR Equity in XYZ Company $5,000 DR Cash $5,000; CR Stock Investment $5,000
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