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Turner Company owns 40% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on its common
Turner Company owns 40% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on its common shares What effect did this dividend have on Turner's 2018 financial statements. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (.e., 10,000,000 should be entered as 10) Enter "0" for no effect.) Balance sheet 5 investment in equity securities Cash (21 milion milion milion Income statement Investment revenue
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