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Perdue Company had the following transactions pertaining to stock investments: February 1, Purchased 3,000 shares of Hudson Company (10% ownership) at the market price of

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Perdue Company had the following transactions pertaining to stock investments: February 1, Purchased 3,000 shares of Hudson Company (10% ownership) at the market price of $17 per share. June 1, Received cash dividends of $6,000 on Hudson Company stock. October 1, Sold 3,000 shares of Hudson stock for $54,000. The entry to record the receipt of the dividends would include a: O debit to Long-Term Investment for $6,000. O credit to Long-Term Investment for $6,000 O credit to Dividend Revenue for $6,000. O debit to Dividend Revenue for $6,000

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