Question: Brief Exercise 12-12 (Algo) Equity method and dividends; financial statement effects [LO12-6] Turner Company owns 35% of the outstanding stock of ICA Company. During the

Brief Exercise 12-12 (Algo) Equity method and dividends; financial statement effects [LO12-6] Turner Company owns 35% of the outstanding stock of ICA Company. During the current year, ICA paid a $8 million cash dividend on its common shares. What effect did this dividend have on Turner's 2024 financial statements? Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). If there is no effect to an element of the financial statements, select "No effect". Balance sheet Income statement million million million

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