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What the entry to record the dividend would be

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Reference no: EM133005840

Problem 1: On December 31, as a short-term investment, Arlington and Fry purchased 500 XYZ shares for $50,000. The Board of XYZ declared and paid a $0.40 cash dividend on February 28. The entry to record the dividend would be:

Select one:

a. Cash 200
Short-Investment Revenue 200

b. Dividend Expense 200
Cash 200

c. Cash 50,000
Short-term investment 50,000

d. Cash 200
Dividend Revenue 200

Reference no: EM133005840

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