contestada

Blanton Corporation purchased 15% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record the dividends it receives?

Respuesta :

YellowGold
The journal entry that Blanton Corporation will use to record the dividend received is:
             
                                               Debit               Credit
Cash                                        xxx
         Investment in Worton Corporation           xxx
*Recording Cash dividends received from Worton Corporation

Aside from Cash, dividends can be given through additional stocks or bonus share and property dividends. 


Otras preguntas