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8. Montevideo Corp. holds a 15% equity investment in Hutchinson Inc....

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Accounting

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8. Montevideo Corp. holds a 15% equity investment in Hutchinson Inc. Minneap Investments holds 35% of Hutchinson Inc. stock. On May 1, 2017, Hutchinson Inc. declares and pays dividends to its stockholders. How will the dividend affect each company's balance sheet account: Hutchinson Inc. investment? Montevideo Corp. Minneap Investments No effect Decrease No effect No effect Decrease No effect Decrease Decrease None of the above Page 3 of 8

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