Hughie, Inc. owns 100% of the outstanding shares of Campbell Co., and accounts for the net income of Campbell Co. using the Cost Method. When Campbell Co. reports quarterly Net Income of $200,000 on 6/30/2X, Hughie, Inc. will:

Question 5 options:

a)	Hughie, Inc. will make no journal entry resulting from this transaction

b)	Debit Dividends Receivable and Credit Investment Income $50,000 as it's only for a quarter of the year