Question 26 Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4 per share in cash dividends to its stockholders. Roe's entry to record the receipt of these dividends is: Debit Cash, $8,000; credit Long-Term Investments, $8,000. Debt Long-Term Investment, $8,000; credit Cash, $8,000. Debit Cash, $8,000; credit Dividend Revenue, $8,000. Debit Unrealized Gain-Equity, $8,000; credit Cash, $8,000. Debit Cash $8.000; credit interest Revenue, $8,000. Question 27 Strickland Corporation has invested in debt securities. Strickland intends to actively buy and sell this investment for profit. This investment is classified as: an available-for-sale security. a held-to-maturity security. a trading security. a significant influence security, a controlling influence security