Multiple Choice
Jambon Company owns 10% interest in the stock of Fanth Corporation. During the year, Fanth pays $12,000 in dividends to Jambon, and reports $200,000 in net income. Jambon Company's investment in Fanth will increase Jambon net income by
A) $20,000.
B) $19,200.
C) $12,000.
D) $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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