Multiple Choice
An investor company with a 40% interest in an investee debited the Investment account for $70,000 and credited the account for $55,000. Based on this information, the investee must have paid dividends of:
A) $28,000.
B) $137,500.
C) $6,000.
D) $22,000.
Correct Answer:
Verified
Correct Answer:
Verified
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