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24.Andi Industries owns 10% of Stevens Company. For the current year, Stevens reports net income of $250,000 and declares and pays a $60,000 cash dividend.
24.Andi Industries owns 10% of Stevens Company. For the current year, Stevens reports net income of $250,000 and declares and pays a $60,000 cash dividend. Which of the following correctly presents the journal entries of Andi's Industries regarding Stevens net income and the receipt of dividends from Stevens? . Dec. 31 Stock Investments. 25,000 Revenue from Stock Investments 25,000 Dec. 31 Cash 25,000 Stock Investments 25,000 b Dec. 31 Stock Investments 6,000 Revenue from Stock Investments 6,000 Dec. 31 Cash 6,000 Stock Investments 6,000 C. Dec. 31 Cash 6,000 Dividend Income 6,000
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