[GNC] How to Handle Mastercard Points

[David T.]

I'm pretty sure the use of the term "Costco dividends" was a misstatement, 
and the poster was referring to a rewards program balance, rather than 
shares in the Costco corporation.  
  
  
  
  
  
  
  
  
  On 2026-01-05 18:00, Adam H. Kerman wrote: 
  
  Dividends are ordinary income. Credit the dividend income account, debit 
the 
  
  asset. Is this a DRIP? Then the asset is the stock account, otherwise 
it's a 
  
  cash account. 
  
  
  
  
  I am not at all in disagreement with this approach, and would use it as a 
general case. I chose my particular approach to separate it from reportable 
dividend income, since it's a one-off, though now that MC has changed its 
cashback method, I'll probably need to set up something more orthodox for 
both. 
  
  
  
  
  Cheers 
  
  
  
  
  Cam 
  
  
  
  
  
  
  
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