Waldo Company owns 30% of Randy Company. During 2017, Randy reported earnings of $650,000 and paid cash dividends of $345,000. What effect would this have on Waldo's investment account and net income?

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The Answer of Waldo Company owns 30% of Randy Company. During 2017, Randy reported earnings of $650,000 and paid cash dividends of $345,000. What effect would this have on Waldo's investment account and net income?

Waldo Company Owns 30% of Randy Company