Can you answer that for me and explain why?
Homework Answers
The correct answer is
D) Debit Cash $ 5000, credit Dividend Revenue , Operating
Explanation
Cash has been recieved, so cash has been debited = $ 5000 and dividend revenue will be recognized so dividend revenue has been credited and Dividend revenue is cash flow from operating activities as these are part of normal business operations.
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Can you answer that for me and explain why?
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Can you answer that for me and explain why?
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Can you answer that for me and explain why?
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