Multiple Choice
Frisbee Inc. owns a 30% interest in the shares of California Corp. During the year, California pays $10,000 in dividends to Frisbee and reports a net loss of $80,000. Frisbee's investment in California will affect Frisbee's net income by
A) $10,000 increase.
B) $3,000 increase.
C) $24,000 decrease.
D) $21,000 decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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