Question: Brief Exercise 12-12 (Algo) Equity method and dividends; financial statement effects [LO12-6] Turner Company owns 45% of the outstanding stock of ICA Company. During the

Brief Exercise 12-12 (Algo) Equity method and dividends; financial statement effects

Brief Exercise 12-12 (Algo) Equity method and dividends; financial statement effects [LO12-6] Turner Company owns 45% of the outstanding stock of ICA Company. During the current year, ICA paid a $4 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

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