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This Question: 2 pts 23 of 41 (O complete)This Test: 100 pts possible Gaines Corporation invested $130,000 to acquire 26,000 shares of Owens Technologies, Inc.

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This Question: 2 pts 23 of 41 (O complete)This Test: 100 pts possible Gaines Corporation invested $130,000 to acquire 26,000 shares of Owens Technologies, Inc. on March 1, 2018. On July 2 2019, Owens pays a cash dividend of $2.50 per share. The investment is classified as equity securities with no significant influence. Which of the following is the correct journal entry to record the transaction on July 2, 2019? O A. Cash OB. Equity Investments OC. Cash O D. Cash 65,000 Dividend Revenue 65,000 65,000 Cash 65,000 65,000 Equity Investments 65,000 65,000 Retained Earnings 65,000

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