Multiple Choice
XYZ buys a 24 per cent share in ABC for $80m.ABC's total net profit is $50m and it pays $4m in dividends to XYZ.
-Using the equity method,the value of the investment in ABC would be recorded at year-end as:
A) $80m.
B) $88m.
C) $92m.
D) $19m.
Correct Answer:
Verified
Correct Answer:
Verified
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