Problem

Dividends received from stock that is reported as a security available for sale in the lon...

Dividends received from stock that is reported as a security available for sale in the long-term assets section of the balance sheet are reported as which of the following?

a. An increase to cash and a decrease to the investment in stock account.

b. An increase to cash and an increase to revenue.

c. An increase to cash and an unrealized gain on the income statement.

d. An increase to cash and an unrealized gain on the balance sheet.

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