Multiple Choice
Mandrake Corp owns a 10% interest in the common shares of Cobra Ltd. During this year, Cobra pays a total of $15,000 in dividends and reports $130,000 profit. Mandrake's investment in Cobra will increase Mandrake's profit by
A) $15,000.
B) $13,000.
C) $12,500.
D) $ 1,500.
Correct Answer:
Verified
Correct Answer:
Verified
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