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LTI Corp purchased 1,000 shares as a short-term investment (no significant influence) for $25,000 on January 4. During Lil's fiscal year, the company received a
LTI Corp purchased 1,000 shares as a short-term investment (no significant influence) for $25,000 on January 4. During Lil's fiscal year, the company received a cash dividend of $0.55 per share. The entry to record the dividend should include a O A. debit to Dividend Revenue for $55,000 OB. credit to Investment Revenue for $5,500 C. credit to Dividend Revenue for $550 OD. debit to Short-Term Investment for $55,000
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