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Blanton Corporation purchased 15% of the outstanding shares of Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation

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Blanton Corporation purchased 15% of the outstanding shares of Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record the dividends it recelives? Oa. debit Cash; credit Dividend Revenue Ob. debit Cash; credit Investments-Worton Corporation Oc, debit Investments-Worton Corporation; credit Cash Od. debit Investments-Worton Corporation; credit Income of Worton Corporation stock of Worton as a long-term investment

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