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Question 1: ABC Company owns 10% of the outstanding stock of ZZ, Inc. On January 17, ZZ, Inc. paid dividends of $5,000 to ABC Company. When ABC Company records the receipt of the dividends, how will their financial statements be impacted?
Group of answer choices
Option A. the investment account balance will be reduced
Option B. retained earnings will be decreased
Option C. the investment account balance will be increased
Option D. net income will be increased
Option E. more than one of the above choices is correct
Option F. none of the above choices are correct
in month of may lopat company inc. wrote checks in the amount of 37000. in june checks in amount of 50632 were written.
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