Multiple Choice
Republic Corp. owns a 15% interest in the common shares of Wholesome Ltd. During this year, Wholesome pays a total of $25,000 in dividends and reports $160,000 net income. Republic's investment in Wholesome will increase Republic's net income by
A) $25,000.
B) $24,000.
C) $27,750.
D) $ 3,750.
Correct Answer:
Verified
Correct Answer:
Verified
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