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Brief Exercise 12-11 (Algo) Equity investments and dividends; financial statement effects [LO12-5] Turner Company owns 10% of the outstanding stock of ICA Company. During the
Brief Exercise 12-11 (Algo) Equity investments and dividends; financial statement effects [LO12-5] Turner Company owns 10% of the outstanding stock of ICA Company. During the current year, ICA paid a $5.10 million cash dividend on its common shares. What effect did this dividend have on Turner's 2024 financial statements? Note: Enter your answers in whole dollars, not in millions. If there is no effect to an element of the financial statements, select "No effect
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