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Turner Company owns 35% of the outstanding stock of ICA Company. During the current year,...

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Accounting

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Turner Company owns 35% of the outstanding stock of ICA Company. During the current year, ICA paid a $9 million cash dividend on its common shares. What effect did this dividend have on Turner's 2021 financial statements? (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).) Balance sheet: million million million Income statement

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