Franklin Corporation invested $100,000 to acquire 20,000 shares of Hope Technologies,Inc.on March 1,2018.Hope pays a cash dividend of $0.25 per share on July 2,2019.The investment is classified as equity securities with no significant influence.Based on these two transactions,which of the following is TRUE of the accounting equation as of July 2,2019?
A) Total assets in the balance sheet will remain unchanged.
B) Current assets in the balance sheet will remain unchanged.
C) Equity in the balance sheet will increase.
D) Total liabilities in the balance sheet will increase.
Correct Answer:
Verified
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