Dividends paid to noncontrolling shareholders:I. are reported as a cash outflow in the consolidated cash flow statement. II. represent funds that are no longer available to the consolidated entity. III. are reported in the consolidated retained earnings statement.
A. Observation III alone is true.
B. Observations I and II are true.
C. Observations I, II, and III are true.
D. Observation I alone is true.
Answer: B
Business
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