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Home Q & A Board Other Fields Homework Help Business Accounting
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Harrison Harrison
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6 years ago
Brighton Beach Limited owns 40% of Alberta Based Inc. Total cash dividends paid by Alberta Based Inc. for the year ending December 31, 2014, amount to $47,919. The journal entry prepared by Brighton Beach Limited on December 31, 2014, includes a:
A) debit to Cash for $47,918
B) credit to Dividend Revenue for $19,168
C) credit to Long-Term Investment for $19,168
D) debit to Long-Term Investment for $19,168
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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AlexmosutheAlexmosuthe
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6 years ago
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Harrison Author
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6 years ago
This site is awesome
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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