FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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39) Pall, Inc, owns 40% of the outstanding stock of Sibil Company. During 2017, Pall
received a $4,000 cash dividend from Sibil. What effect did this dividend have on Pall's 2017
financial statements?
a) Increased total assets.
b) Decreased total assets.
c) Increased income.
d) Decreased investment account.
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Transcribed Image Text:39) Pall, Inc, owns 40% of the outstanding stock of Sibil Company. During 2017, Pall received a $4,000 cash dividend from Sibil. What effect did this dividend have on Pall's 2017 financial statements? a) Increased total assets. b) Decreased total assets. c) Increased income. d) Decreased investment account.
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