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?

Group of answer choices

a.the investment account balance will be reduced

b.retained earnings will be decreased

c.the investment account balance will be increased

d.net income will be increased

e.more than one of the above choices is correct

f.none of the above choices are correct