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Analyzing Equity Method Investment Footnotes AT&T, Inc., reports a December 31, 2019, balance of $3,695 million in Investments in and advances to equity affiliates. Provide
Analyzing Equity Method Investment Footnotes AT\&T, Inc., reports a December 31, 2019, balance of $3,695 million in "Investments in and advances to equity affiliates." Provide the entries for the following events for fiscal year 2020: a. AT\&T's share of income from its affiliates was $95 million. b. AT\&T received dividends and distributions from its affiliates of $133 million during fiscal year 2020 Note: Enter answers in millions. c. After these events, what should be the balance in AT\&T's investments in affiliates account at December 31, 2020? million
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