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McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $65,200 in cash dividends...

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Accounting

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McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $65,200 in cash dividends from Gondor The entry to record this transaction should include a O Debit to Dividends for $163,000. Credit to Long-Term Investments for $65,200. O Debit to Dividend Revenue for $65.200. O Credit to Long-Term Investments for $163,000. OCredit to Cash for $65,200. 2

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