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