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Franklin Investments holds a 15% equity investment in Titans Inc. and treats it as a passive investment. OHare Consulting holds 30% of Titans Inc.s stock

Franklin Investments holds a 15% equity investment in Titans Inc. and treats it as a passive investment. OHare Consulting holds 30% of Titans Inc.s stock and has a significant influence over Titans Inc. On August 10, 2020, Titans Inc. pays dividends to its stockholders.

How will the dividend affect each companys investment account?

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Franklin Investments: Decrease; O'Hare Consulting: No Effect

Franklin Investments: Decrease; O'Hare Consulting: Decrease

Franklin Investments: No Effect; O'Hare Consulting: No Effect

Franklin Investments: No Effect; O'Hare Consulting: Decrease

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