A company received dividends of $0.35 per share on 300 shares of stock it holds as a stock investment with insignificant influence.The journal entry to record this transaction would be to debit Cash for $105 and credit Dividend Revenue for $105.

Question

Quizplus · Accepted Answer

The journal entry to record receipt of dividends on a stock investment with insignificant influence would be to debit Cash and credit Dividend Revenue for the same amount ($0.35 per share x 300 shares = $105).

A Company Received Dividends of $0