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Multiple Choice Question 57 Coronado Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2200 shares of Pearl Company (10%) for $56100 cash.

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Multiple Choice Question 57 Coronado Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2200 shares of Pearl Company (10%) for $56100 cash. June 1 Received cash dividends of $3 per share on Pearl stock. Oct. 1 Sold 1180 shares of Pearl stock for $31860. The entry to record the receipt of the dividends on June 1 would include a debit to Stock Investments for $6600. credit to Dividend Revenue for $6600. debit to Dividend Revenue for $6600. credit to Stock Investments for $6600

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