BE 12-11 Equity investments and dividends LO 12-5 Turner Company owns 10% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on its common shares. What effect did this dividend have on Turner's 2021 financial statements? Explain the reasoning for this effect BE 12-12 Equity method and dividends 1012-6 Turner Company owns 40% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on its common shares. What effect did this dividend have on Turner's 2021 financial statements? Explain the reasoning for this effect