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ABC Company owns 10% of the outstanding stock of zz, Inc. On January 17, ZZ, Inc. paid dividends of $5,000 to ABC Company. When ABC

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ABC Company owns 10% of the outstanding stock of zz, Inc. On January 17, ZZ, Inc. paid dividends of $5,000 to ABC Company. When ABC Company records the receipt of the dividends, how will their financial statements be impacted? O the investment account balance will be reduced O retained earnings will be decreased O the investment account balance will be increased net income will be increased O more than one of the above choices is correct none of the above choices are correct

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