Multiple Choice
Barcelona Company owns 40% interest in the stock of ABX Corporation. During the year, ABX pays $20,000 in dividends to Barcelona, and reports $150,000 in net income. Barcelona Company's investment in ABX will increase by
A) $52,000.
B) $60,000.
C) $8,000.
D) $40,000.
Correct Answer:
Verified
Correct Answer:
Verified
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