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Slender Corp. purchased 20,000 shares of Barm Co. common stock for $22 per share. Barm Co., which has issued 80,000 shares of stock, declares a

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Slender Corp. purchased 20,000 shares of Barm Co. common stock for $22 per share. Barm Co., which has issued 80,000 shares of stock, declares a cash dividend of $2 per share to stockholders. Which journal entry correctly records the Cash Dividend received by Slender Corp.? a) Cash 40,000 Dividend Revenue 40,000 b) Cash 40,000 Equity Investments 40,000 c) Cash 160,000 Dividend Revenue 160.000 d) Cash 440,000 Dividend Revenue 440,000

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