Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When a company owns less than 20% of another company's stock and they receive a dividend what should be credited? cash interest revenue dividend revenue

When a company owns less than 20% of another company's stock and they receive a dividend what should be credited?

cash

interest revenue

dividend revenue

common stock paybale

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions