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Question 3 1 pts Largo Company owns 80% of the outstanding voting shares of Small Company. Both companies continue to exist. During the current
Question 3 1 pts Largo Company owns 80% of the outstanding voting shares of Small Company. Both companies continue to exist. During the current year, Small reports income of $100 million and pays dividends of $40 million. What is the effect of Small's reported income on Largo Company's investment account? O a. Increase of $80 million Od. Decrease of $100 million Ob. Decrease of $80 million c. Increase of $100 million
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