Solution-What effect did dividend have on turner financial

What effect did dividend have on turner financial statements

Reference no: EM132183325

Question - Turner Company owns 15% of the outstanding stock of ICA Company. During the current year, ICA paid a 4.40 million cash dividend on its common shares. What effect did this dividend have on Turner's 2018 financial statements?

Need help getting cash amount for the balance sheet and retained earnings amount for income statement.

Reference no: EM132183325

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What effect did dividend have on turner financial statements

Reference no: EM132183325

Reference no: EM132183325

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