Multiple Choice
Milton Company owns 26% interest in the stock of Darcy Corporation. During the year, Darcy declares and pays $23,000 in dividends to Milton, and reports $110,000 in net income. Milton Company will report Equity-method Investment Revenue of:
A) $5980.
B) $22,620.
C) $28,600.
D) $34,580.
Correct Answer:
Verified
Correct Answer:
Verified
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