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Business, 05.07.2019 16:10 gabbytumey

Adkins appliances buys 10,000 shares of stock in charlie company for $10 per share on january 2 of the current year. adkins owns 35% of charlie company’s voting stock, has significant influence in decision making, and intends to hold on to it for several years. on march 31, a $2.50 per share dividend is paid. what is the journal entry to record the dividend received?

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Adkins appliances buys 10,000 shares of stock in charlie company for $10 per share on january 2 of t...
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