Multiple Choice
Mize Company owns 30% interest in the stock of Lyte Corporation. During the year Lyte pays $20000 in dividends to Mize and reports $300000 in net income. Mize Company's investment in Lyte will increase Mize's net income by
A) $6000.
B) $90000.
C) $96000.
D) $10000.
Correct Answer:
Verified
Correct Answer:
Verified
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