Byner Corporation should ordinarily record a cash dividend received from Yount as
A. a reduction of the carrying value of the investment.
B. additional paid-in capital.
C. an addition to the carrying value of the investment.
D. dividend income.
Answer:A
Byner Corporation should ordinarily record a cash dividend received from Yount as
A. a reduction of the carrying value of the investment. B. additional paid-in capital. C. an addition to the carrying value of the investment. D. dividend income.