A debit to the income from subsidiary account for

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Practice Problems

Refer to the preceding information. The receipt of the dividend will result in

a. A credit to the investment account for $6,200.

b. A debit to the income from subsidiary account for $6,600.

c. A credit to the investment account for $6,600.

d. A credit to the investment account for $6,500.

Hint

Accounts & FinanceDividends refers to the payments made by publicly-listed companies as a reward to investors for putting their money into the venture by purchasing company shares stock. Dividend is the distribution of some of a company's earnings to its shareholders, as determined by the company's board of directors. ...

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