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Question: 19 assume that browny company purchased 100 shares of the...

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19. Assume that Browny Company purchased 100 shares of the Dumbstone Companys common stock at a total cost of $80 per share. Assume also that this purchase price includes the right to a dividend of $1.75 per share which has been declared but not yet paid. The necessary entry to record this purchase on Brownys books would be A. Short-Term Investments-Stocks 8,000 175 Dividends Receivable Cash 8,175 B. Short-Term Investments-Stocks 7,825 175 Dividends Receivable Cash 8,000 C. Short-Term Investments-Stocks 8,000 Dividends Receivable Cash 175 7,825 D. Short-Term Investments-Stocks 8,175 175 Dividend Revenue Cash 8,000

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