39) Pall, Inc, owns 40% of the outstanding stock of Sibil Company. During 2017, Pallreceived a $4,000 cash dividend from Sibil. What effect did this dividend have on Pall's 2017financial statements?a) Increased total assets.b) Decreased total assets.c) Increased income.d) Decreased investment account.

Balance sheet represents the financial position of the company that involve the assets, liabilities,…

Answered: 39) Pall, Inc, owns 40% of the…

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39) Pall, Inc, owns 40% of the outstanding stocs received a $4,000 cash dividend from Sibil. WE financial statements?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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