State Corporation is a 30%-owned equity investee of Pico Corporation. During 2003, State declared $50,000 in dividends

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State Corporation is a 30%-owned equity investee of Pico Corporation. During 2003, State declared $50,000 in dividends to be paid in 2004. How does the dividend declaration affect Pico's balance sheet at December 31, 2003?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Posted Date: Sep 12, 2020 06:20 AM

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State Corporation is a 30%-owned equity investee of Pico Corporation. During 2003, State declared $50,000 in dividends

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Fundamentals of corporate finance

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