McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $50,800 in cash dividends...
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McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $50,800 in cash dividends from Gondor. The entry to record the cash dividend received from Gondor would include a Multiple Choice Credit to Equity Method Investments for $127.000, Debit to Dividends for $127.000 Credit to Equity Method Investments for $50,800
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