On October 2, 2022, Matrot Ltd. purchased 100,000 shares of Galim Ltd. for $350,000. On February 28, 2023, Galim Ltd. distributed to its shareholders a cash dividend in the amount of $5 per share, And...
A) Increase in cash and decrease in investment
B) Increase in investment and decrease in retained earnings
C) Decrease in cash and increase in investment
D) Decrease in investment and increase in retained earnings
