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Thomas C. Company holds a 15% equity investment in Kayak Zone and treats it as a passive investment. Fred W. Company holds 30% of Kayak
Thomas C. Company holds a 15% equity investment in Kayak Zone and treats it as a passive investment. Fred W. Company holds 30% of Kayak Zone's stock and has a significant influence over Kayak. On November 1, 2019, Kayak Zone declares and pays dividends to its stockholders. How will the dividend affect each company's investment account? Select one: A. Thomas C. Decrease B. Fred W. No effect Thomas C. No effect Fred W. No effect C. Thomas C. No effect Fred W. Decrease D. Thomas C. Fred W. Decrease Decrease
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