Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)
Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)
12th Edition
ISBN: 9780134491509
Author: MILLER-NOBLES, Tracie L., Mattison, Brenda L., Matsumura, Ella Mae
Publisher: PEARSON
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Chapter 15, Problem 4QC

A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of Yale Co. If the Yale Co stock investment paid dividends, what account would be credited?
Learning Objective 3

  1. Equity Investments
  2. Interest Revenue
  3. Dividend Revenue
  4. Cash

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