29. Lento Rodrguez purchases 15,000 shares of Speedy Gonzalez Company common stock for $150,000 cash. Speedy Gonzalez has 50,000 shares of stock currently outstanding. Rodrguez' entry to record the purchase would include a:

Select one:

a. Debit to Stock Investments for $150,000

b. Credit Equity Method Investment $150,000

c. Debit to Equity Method Investment for $150,000

d. Credit to Common Stock for $150,000

e. Debit to Long-Term Investments-AFS for $150,000

30. Amazon Company owns 1,500 shares of ABC Corporation stock. ABC Corporation has 100,000 shares of stock outstanding. ABC paid $2 per share in cash dividends to its stockholders. Amazon's entry to record the receipt of these dividends is:

Select one:

a. Debit Cash, $3,000; credit Long-Term Investments, $3,000

b. Debit Unrealized Gain-Equity, $3,000; credit Cash, $3,000

c. Debt Long-Term Investment, $3,000; credit Cash, $3,000

d. Debit Cash, $3,000; credit Interest Revenue, $3,000

e. Debit Cash, $3,000; credit Dividend Revenue, $3,000