Marjam Company owns 98,600 shares of Mackenzie Company’s 170,000 outstanding shares of common stock.
Marjam Company owns 98,600 shares of Mackenzie Company's 170,000 outstanding shares of common stock. Mackenzie Company pays $170,000 in total cash dividends to its shareholders. Marjam's entry to record the cash dividend received from Mackenzie would include a: 19 Multiple Choice Credit to Equity Method Investments for $98,600. О Credit to Equity Method Investments for $28,500. Debit to Interest Revenue for $16,530. O Debit to Dividend Revenue for $16,530. О Credit to Dividend Revenue for $28,500. May 16 2022 03:11 PM
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