subject
Business, 02.10.2020 14:01 NLMB2614

Turner Company owns 10% of the outstanding stock of ICA Company. During the current year, ICA paid a $5.10 million cash dividend on its common shares. What effect did this dividend have on Turner's 2021 financial statements? (Enter your answers in whole dollars, not in millions. Amounts to be deducted should be indicated with a minus sign.)

Balance Sheet
Cash $510,000
$
Income Statement
Dividend Revenue $510,000

I do not know what the second Balance Sheet account should be and the amount.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:30
True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.
Answers: 3
question
Business, 23.06.2019 01:30
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
question
Business, 23.06.2019 04:00
Asmall company has 10,000 shares. joan owns 200 of these shares. the company decided to split its shares. what is joan's ownership percentage after the split
Answers: 2
question
Business, 23.06.2019 18:10
General widgets, inc., manufactures high-quality widgets. the widget industry is mature and few innovations occur. the widgets have to be built exactly according to particular specifications provided by customers. this requires the use of controlled processes and precise measurements. the company also needs to maintain high efficiency in its production process in order to meet the market demand. for this company, stability is more important than flexibility. which of the organizational cultures is best suited for general widgets? a.) clan culture b.) modern culture c.) hierarchy culture d.) market culture
Answers: 3
You know the right answer?
Turner Company owns 10% of the outstanding stock of ICA Company. During the current year, ICA paid a...
Questions
question
Mathematics, 24.08.2019 05:20
question
Biology, 24.08.2019 05:20
question
Computers and Technology, 24.08.2019 05:20
question
Health, 24.08.2019 05:20
Questions on the website: 13722361