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All State Services, Inc. acquired 100,000 shares of Omega Metals, Inc. on January 1, 2018. Omega pays a cash dividend of $0.25 per share on
All State Services, Inc. acquired 100,000 shares of Omega Metals, Inc. on January 1, 2018. Omega pays a cash dividend of $0.25 per share on March 2, 2019 . With the current investment, All State Services, Inc. holds 8% of Omega. In the journal entry on March 2, 2019 A. Dividend Revenue is credited O B. Equity Investments is debited C. Equity investments is credited 0 D. Cash Dividends is credited
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