Business, 24.10.2019 23:43 soccerjessie8701

A70% owned subsidiary declares and pays a cash dividend. what effect does the dividend have on the retained earnings and noncontrolling interest balances in the consolidated balance sheet? a. decreases in both the retained earnings and the noncontrolling interest b. an increase in retained earnings and no effect on the noncontrolling interest c. no effect on either the retained earnings or the noncontrolling interest d. a decrease in retained earnings and no effect on the noncontrolling interest e. no effect on retained earnings and a decrease in the noncontrolling interest

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