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Goshia [24]
3 years ago
11

Hamasaki Company owns 30% of CDW Corp. stock and has significant influence. Hamasaki received $6,500 in cash dividends from its

investment in CDW. The entry to record receipt of these dividends includes a debit to Cash for $6,500 and a credit to Equity Method Investments for $6,500.
a. True
b. False
Business
1 answer:
Anuta_ua [19.1K]3 years ago
4 0

Answer:

A. True

Explanation:

Account Title Debit Credit

Cash 6500

Investment in CDW Corp. 6500

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