Sheehanā & Co. purchasedā 35% of the outstanding shares of Julesā & Associates. Jules then declared dividends at year end. How will these dividends effect the investment account forā Sheehan? A. Dividends received will increase the investment account. B. Dividends received will have no impact on the investmentā account; it will increase Realized Gain Net Income. C. Dividends received will reduce the investment account. D. Dividends received will have no impact on the investmentā account; it will increase Cash and Dividend Revenue.
