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Marjam Company owns 98,600 shares of Mackenzie Company's 170,000 outstanding shares of common stock. Mackenzie Company pays $170,000 in total cash dividends to its shareholders.

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Marjam Company owns 98,600 shares of Mackenzie Company's 170,000 outstanding shares of common stock. Mackenzie Company pays $170,000 in total cash dividends to its shareholders. Marjam's entry to record the cash dividend received from Mackenzie would include a: 19 Multiple Choice Credit to Equity Method Investments for $98,600. Credit to Equity Method Investments for $28,500. Debit to Interest Revenue for $16,530. O Debit to Dividend Revenue for $16,530. Credit to Dividend Revenue for $28,500

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