Bing Company Owns 30% Interest in the Stock of Yeti

Multiple Choice

Bing Company owns 30% interest in the stock of Yeti Corporation. During the year, Yeti pays $60,000 in dividends to Bing, and reports $320,000 in net income. Bing Company's investment in Yeti l will increase Bing net income by

A) $96,000.
B) $78,000.
C) $60,000.
D) $18,000.