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Segmental Manufacturing owns 35% of Glesson Corp. stock. Glesson pays a total of $55,000 in cash dividends for the period. Segmental's entry to record the
Segmental Manufacturing owns 35% of Glesson Corp. stock. Glesson pays a total of $55,000 in cash dividends for the period. Segmental's entry to record the dividend transaction would include a: Multiple Choice Credit to Investment Revenue for $55,000. Credit to Cash for $19,250. Debit to Long-Term Investments for $19,250. Debit to Cash for $55,000. o O Credit to Long-Term Investments for $19,250
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