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QUESTION 22 On January 1, 2021. Jones Company bought 5000 shares of ABC company stock. This represents 5% of the shares available from ABC Company.

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QUESTION 22 On January 1, 2021. Jones Company bought 5000 shares of ABC company stock. This represents 5% of the shares available from ABC Company. Jones paid $5.00 per share for the stock. During 2016. ABC earned $50.000 in net income: Paid total dividends of $20,000: and had the same number of shares available. Assume the stock is accounted for as a trading security. How much is the credit to Investment (dividends) Revenue for the dividends from ABC during 2021? a. $2.500 5. $20.000 c. $4,000 d. $1,000

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