Business, 22.02.2021 19:00 SkyDoki

Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4 per share in cash dividends to its stockholders. The entry to record the receipt of these dividends is: a. Debit Cash, $8,000; credit Long-Term Investments, $8,000.
b. Debt Long-Term Investment, $8,000; credit Cash, $8,000.
c. Debit Cash, $8,000; credit Dividend Revenue, $8,000.
d. Debit Unrealized Gain-Equity, $8,000; credit Cash, $8,000.
e. Debit Cash, $8,000; credit Unrealized Gain-Equity, $8,000.

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Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of sto...

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