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Find what effect did have on drabble financial statement

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Problem 1: Drabble, Inc. owns 40 percent of the outstanding stock of Gilliam Company. During 2014, Drabble received a $4,000 cash dividend from Gilliam. What effect did this have on Drabble's 2014 financial statements? (Assume that Drabble has substantial influence over Gilliam)

Option 1: Increased total assets

Option 2: Decreased total assets

Option 3: Increased income

Option 4: Decreased investment account

Reference no: EM132612565

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