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. True or False True False
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. True or False True False
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer both pictures please true or false
![**Question:**
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.
*True or False*
---
**Options:**
- True
- False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b4b310c-e6da-4900-9d47-19f0a70a4263%2F85134a5d-aca4-463f-8aa4-d0edbd149223%2Fcy1vgz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Question:**
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.
*True or False*
---
**Options:**
- True
- False
![### Understanding Long-Term Investments: Quiz
#### Question:
"Long-term investments include cash that will be used to support current operations."
**True or False**
**Options:**
- True
- False
For this question, you have two buttons to select from:
- **True**: This option is represented by a button outlined in blue with the text "True."
- **False**: This option is represented by a button highlighted in blue with the text "False."
Choose the correct option to test your understanding of long-term investments and their characteristics.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b4b310c-e6da-4900-9d47-19f0a70a4263%2F85134a5d-aca4-463f-8aa4-d0edbd149223%2Fdr0l079_processed.jpeg&w=3840&q=75)
Transcribed Image Text:### Understanding Long-Term Investments: Quiz
#### Question:
"Long-term investments include cash that will be used to support current operations."
**True or False**
**Options:**
- True
- False
For this question, you have two buttons to select from:
- **True**: This option is represented by a button outlined in blue with the text "True."
- **False**: This option is represented by a button highlighted in blue with the text "False."
Choose the correct option to test your understanding of long-term investments and their characteristics.
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