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Thomas C Company Holds a 15% Equity Investment in Kayak Zone

Question 27

Multiple Choice

Thomas C. Company holds a 15% equity investment in Kayak Zone. Fred W. Company holds a 30% of Kayak Zone's stock. On November 1, 2016, Kayak Zone declares and pays dividends to its stockholders.
How will the dividend affect each company's investment account?


A) Thomas C. Company holds a 15% equity investment in Kayak Zone. Fred W. Company holds a 30% of Kayak Zone's stock. On November 1, 2016, Kayak Zone declares and pays dividends to its stockholders. How will the dividend affect each company's investment account? A) B) C) D)
B) Thomas C. Company holds a 15% equity investment in Kayak Zone. Fred W. Company holds a 30% of Kayak Zone's stock. On November 1, 2016, Kayak Zone declares and pays dividends to its stockholders. How will the dividend affect each company's investment account? A) B) C) D)
C) Thomas C. Company holds a 15% equity investment in Kayak Zone. Fred W. Company holds a 30% of Kayak Zone's stock. On November 1, 2016, Kayak Zone declares and pays dividends to its stockholders. How will the dividend affect each company's investment account? A) B) C) D)
D) Thomas C. Company holds a 15% equity investment in Kayak Zone. Fred W. Company holds a 30% of Kayak Zone's stock. On November 1, 2016, Kayak Zone declares and pays dividends to its stockholders. How will the dividend affect each company's investment account? A) B) C) D)

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