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Sheehan & Co purchased 35% of the outstanding shares of Jules & Associates. Jules then declared dividends at year end How will these dividends effect

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Sheehan & Co purchased 35% of the outstanding shares of Jules & Associates. Jules then declared dividends at year end How will these dividends effect the investment account for Shecha O A Dividends received will increase the investment account OB. Dividends received will have no impact on the investment account will increase Realted Gain - Net Income O C. Dividends received will have no impact on the investment account, it will increase Cash and Dividend Revenue OD. Dividends received will reduce the investment account

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