Segmental Manufacturing owns 35% of Glesson Corporation stock. Glesson pays a total of $47,000 in cash divider period. Segmental's entry to record the cash dividend received from Glesson would include a: Multiple Choice Credit to Equity Method Investments for $16,450. Debit to Equity Method Investments for $16,450. Debit to Cash for $47,000. Credit to Cash for $16,450. Credit to Investment Revenue for $47,000.

Segmental Manufacturing owns 35% of Glesson Corporation stock. Glesson pays a total of $47,000 in cash divider period. Segmental's entry to record the cash dividend received from Glesson would include a: Multiple Choice Credit to Equity Method Investments for $16,450. Debit to Equity Method Investments for $16,450. Debit to Cash for $47,000. Credit to Cash for $16,450. Credit to Investment Revenue for $47,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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