Question
A 70%-owned subsidiary declares and pays a cash dividend. What effect does the dividend have on...
A 70%-owned subsidiary declares and pays a cash dividend. What effect does the dividend have on retained earnings and noncontrolling interest in the consolidated balance sheet?
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Decrease in retained earnings and no effect on noncontrolling interest. |
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No effect on retained earnings and a decrease in the noncontrolling interest. |
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Decreases both retained earnings and noncontrolling interest. |
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No effect on either retained earnings or the noncontrolling interest. |
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