smokey415
Jun 14, 2012, 07:13 PM
A corporation exercises significant influence over an affiliate in which it holds a 40 percent common stock interest. If its affiliate completed a fiscal year profitably but paid no dividends, how would this affect the investor corporation?
paraclete
Jun 14, 2012, 07:33 PM
A corporation exercises significant influence over an affiliate in which it holds a 40 percent common stock interest. If its affiliate completed a fiscal year profitably but paid no dividends, how would this affect the investor corporation?
Obviously it would derive no revenue from its investment