Outstanding common stock of jane company


Doe company owns 40% of the outstanding common stock of Jane company. During 2010 Doe received a $50 million cash dividend from Jane. What effect did this dividend have on Doe's 2010 statement of cash flows?

a. cash from operating activities increased

b. cash from investing activities increased

c.cash from financing activities increased

d. no effect

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Accounting Basics: Outstanding common stock of jane company
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