John Corporation has three investments that are classified as noncontrolling. 1.A bond investment, purchased on Jan 1, 2014 and maturing on Dec. 31, 2020. These bonds were purchased to help out the issuing company and because the interest income was quite high. 2. An investment in Mark Company stock, purchased on Dec. 1, 2014 because the price was low and John Corp. had some excess cash to invest. John Corporation's investment manager did not like taking risk or playing the market on an active basis. 3. An investment in 25% of the stock of Smith Company, a new customer who was experiencing management difficulties that affected their profitability. John Corp. intended to keep this investment for as long as it took to stabilize the company. Answer the following questions about these investments. Where and when would John Corporation report dividends from Mark Company Stock? Select one: a. on the Balance Sheet as a decrease in the investment asset. b. in the Accumulated Comprehensive Net Income portion of the Balance Sheet when received c. on the Income Statement as declared. d. On the Income Statement on the dates received. Question 21 Not yet answered Points out of 1 Not flaggedFlag question Question text Where and when would John Corporation report dividends from Smith Corporation Stock? Select one: a. on the Balance Sheet as a decrease in the investment asset when declared/received. b. in the Accumulated Comprehensive Net Income portion of the Balance Sheet when declared/received c. on the Income Statement when declared/received. d. Dividend income would not be recorded at all..