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MeVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $52,000 in cash dividends from Gondor. The entry to mcord the cash dividend received

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MeVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $52,000 in cash dividends from Gondor. The entry to mcord the cash dividend received from Gondor would include Multiple Choice Credit to Cash for $52,000 Credit to Equity Method investments for 552.000 Debit to Dividends for $130,000 Debit to Dividend Revenue for $52,000 Credit to Equity Method Investments for $130,000

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