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Obtain Verizons 2021 Annual Report online Review the fina.pdf

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Obtain Verizons 2021 Annual Report online. Review the financial statements and the notes to the financial statements. Assume Verizon has a 30% owned investee. Also assume that the investee paid Verizon $8M in dividends and Verizon recorded the following journal entry: Cash $11M Dividend Income $11M What would be the effect on the following items on Verizons financials (overstated, understated, or no effect): Circle one: a) Working Capital OS US NE b) Net Income OS US NE c) Total Assets OS US NE d) Retained Earnings OS US NE.

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Obtain Verizons 2021 Annual Report online. Review the financial statements and the notes to the financial statements. Assume Verizon has a 30% owned investee. Also assume that the investee paid Verizon $8M in dividends and Verizon recorded the following journal entry: Cash $11M Dividend Income $11M What would be the effect on the following items on Verizons financials (overstated, understated, or no effect): Circle one: a) Working Capital OS US NE b) Net Income OS US NE c) Total Assets OS US NE d) Retained Earnings OS US NE

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  • 1. Obtain Verizons 2021 Annual Report online. Review the financial statements and the notes to the financial statements. Assume Verizon has a 30% owned investee. Also assume that the investee paid Verizon $8M in dividends and Verizon recorded the following journal entry: Cash $11M Dividend Income $11M What would be the effect on the following items on Verizons financials (overstated, understated, or no effect): Circle one: a) Working Capital OS US NE b) Net Income OS US NE c) Total Assets OS US NE d) Retained Earnings OS US NE