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Autumn Services, Inc. acquired 122,000 shares of Spring Metals, Inc. on January 1, 2018. Spring declares a cash dividend of $2.75 per share on February

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Autumn Services, Inc. acquired 122,000 shares of Spring Metals, Inc. on January 1, 2018. Spring declares a cash dividend of $2.75 per share on February 15, 2019 and pays the cash dividend on March 2, 2019. With the current investment, Autumn Services, Inc. holds 10% of Spring's voting stock. Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2, 2019)? 335,500 A. Cash Retained Earnings 335,500 B. No Entry 335,500 C. Cash Equity Investments 335,500 335,500 D. Cash Dividend Receivable 335,500 Click to select your

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