Eglin Company Owns 30% Interest in the Stock of Bosco

Multiple Choice

Eglin Company owns 30% interest in the stock of Bosco Corporation. During the year, Bosco pays $10,000 in dividends to Eglin, and reports a net loss of $200,000. Eglin Company's investment in Bosco will affect Eglin net income by a

A) $10,000 increase.
B) $60,000 increase.
C) $60,000 decrease.
D) $10,000 decrease.