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FYI, there is no solution available in this website. Brief Exercise 12-12 Equity method and dividends [L012-6] Turner Company owns 40% of the outstanding stock
FYI, there is no solution available in this website.
Brief Exercise 12-12 Equity method and dividends [L012-6] Turner Company owns 40% of the outstanding stock of ICA Company. During the current year, ICA paid $5 million cash dividend on its common shares. What effect did this dividend have on Turner's 2018 financial statements. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10) Enter "0" for no effect.) Balance sheet nvestment in equity securities Cash million 2 million 01 million Income statement Investment revenue
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