Question 8 Not yet answered Marked out of 1.00 Flag question THIS MULTIPLE CHOICE QUESTION (MCQ) IS BASED ON THE WILTON COMPANY SCENARIO BELOW: on 1 January 2016, WILTON Company purchased 6,000 shares in CENTRE Company (for trading) for $80 per share CENTRE Company paid a Cash Dividend of $6 por share in 2016, $8 per share in 2017 and $10 per share in 2018. WILTON Company owns less than 3% of the shares in CENTRE Company and WILTON Company has no other Equity Investments. Prior to 2016, WILTON Company never held shares or debt investments for trading. Please note the following information also: At the end of 2016, shares in CENTRE Company trade at $25 per share. At the end of 2017, shares in CENTRE Company trade at $130 per share. At the end of 2018, shares in CENTRE Company trade at $ 60 per share MCQ The Journal Entry at the end of 2018 to record the Dividend received by WILTON Company will include which one of the following entries (assume the dividend was received in Cash on 31 December 2018) Select one: a. Debit Cash $60,000 b. Debit Dividend Revenue $45,000 c. Credit Dividend Revenue $45,000 d. Debit Dividend Revenue $60,000 e. None of these answers