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Question 4 1 pts Largo Company owns 80% of the outstanding voting shares of Small Company. Both companies continue to exist. During the current
Question 4 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 dividends on Largo Company's investment account? a. Decrease of $40 million d. Increase of $32 million Oc. Increase of $40 million O b. Decrease of $32 million
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