Multiple Choice
Bing Company owns 30% interest in the stock of Yeti Corporation. During the year, Yeti pays $75,000 in dividends to Bing, and reports $400,000 in net income. Bing Company's investment in Yeti will increase Bing net income by
A) $120,000.
B) $97,500.
C) $75,000.
D) $22,500.
Correct Answer:
Verified
Correct Answer:
Verified
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