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Autumn Services, Inc. acquired 138,000 shares of Spring Metals, Inc. on January 1, 2024 Spring declares a cash dividend of $2.25 per share on
Autumn Services, Inc. acquired 138,000 shares of Spring Metals, Inc. on January 1, 2024 Spring declares a cash dividend of $2.25 per share on February 15, 2025 and pays the cash dividend on March 2, 2025. With the current investment, Autumn Services, Inc holds 12% 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, 2025)? OA. Cash 310,500 Dividend Receivable 310,500 B. No Entry: OC. Cash 310,500 Retained Earnings 310,500 for aces 20 OD. Cash 310,500 Equity Investments 310.500 a Inve Dece nance
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