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Question(s) / Instruction(s):

Micron owns 34% of Snell. Snell pays a total of $45,000 in cash dividends for the period. Micron\'s entry to record the dividend transaction would include a:

a)            debit to Cash for $45,000.

b)            credit to Investment Revenue for $45,000.

c)            credit to Long–Term Investments for $15,300.

d)            debit to Long–Term Investments for $15,300.

e)            credit to Cash for $15,300.

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