What account would be credited for receipt of dividend, Financial Accounting

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What account would be credited for receipt of dividend

Response to the following questions:

1. Plaster Inc. received a $0.15-per-share cash dividend on 50,000 shares of Gestalt Corporation common stock, which Plaster Inc. carries as a long-term investment. Assuming that Plaster Inc. uses the equity method of accounting for its investment in Gestalt Corporation, what account would be credited for the receipt of the $7,500 dividend?

2. Where are investments in bonds that are classified as held-to-maturity securities reported on the balance sheet?

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Financial Accounting: What account would be credited for receipt of dividend

Reference No:- TGS02131996

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Financial Accounting: What account would be credited for receipt of dividend

Reference No:- TGS02131996

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