Multiple Choice
Greene Limited owns a 30% interest in the shares of Fields Corporation.During the year, Fields pays $20,000 in dividends to Greene and reports $120,000 profit.Greene's investment in Fields will increase Greene's profit by
A) $36,000.
B) $30,000.
C) $20,000.
D) $ 6,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q57: Preferred shares are often purchased as strategic
Q84: If a trading investment in bonds is
Q86: When investing excess cash for short periods
Q87: On September 15, 2015, Spirit Ltd.sells 100
Q88: If a company reporting under ASPE decides
Q89: If a company acquires a 40% interest
Q93: Which of the following is not true
Q94: The cost model is used only for
Q95: Under the equity method of accounting for
Q96: Laski Corp.holds two trading investments and has