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How will the dividend affect each company balance sheet

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Question - Ronaldo Inc. holds a 8% equity investment in Randolph Corporation stock. Gruber Investments holds 34% of Randolph Corporation stock. On August 10, 2020, Randolph Corporation declares and pays dividends to its stockholders. How will the dividend affect each company's balance sheet account: Randolph Corporation investment?

Reference no: EM133189437

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