Multiple Choice
Chopper Company owns 10% interest in the stock of Elton Corporation. During the year, Elton pays $10,000 in dividends to Chopper, and reports $400,000 in net income. Chopper Company's investment in Elton will increase Chopper net income by
A) $10,000.
B) $30,000.
C) $40,000.
D) $1,000.
Correct Answer:
Verified
Correct Answer:
Verified
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