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Thomas C. Company holds a 15% equity investment in Kayak Zone. Fred W. Company holds a 30% of Kayak Zone's stock. On November 1, 2016,

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Thomas C. Company holds a 15% equity investment in Kayak Zone. Fred W. Company holds a 30% of Kayak Zone's stock. On November 1, 2016, Kayak Zone declares and pays dividends to its stockholders. How will the dividend affect each company's investment account? Select one: O A. Fred W No effect Thomas C. No effect

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