Company A owns 40% of company B pays a cash dividend of $40,000 to its shareholders. The journal entry that Company A must make is:
Company A owns 40% of company B pays a cash dividend of $40,000 to its shareholders. The journal entry that Company A must make is:
a.) Credit to Investment Revenue for $40,000
b.) Debit to Cash for $40,000
c.) Debit to cash for $16,000
d.) Credit to cash for $16,000
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Authors: Eddie McLaney, Peter Atrill
2nd Edition
0273655507, 978-0273655503
