Multiple Choice
Barcelona Company owns 40% interest in the stock of ABX Corporation. During the year, ABX pays $40,000 in dividends to Barcelona, and reports $300,000 in net income. Barcelona Company's investment in ABX will increase by
A) $104,000.
B) $120,000.
C) $16,000.
D) $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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