Multiple Choice
On January 1,2014,Rod Corporation purchased 35% of the outstanding stock of Alamo Corporation for $500,000.Net income reported by Alamo for 2014 was $200,000.Dividends paid by Alamo during 2014 were $40,000.The amount of investment revenue that Rod should recognize for 2014 is:
A) $14,000.
B) $56,000.
C) $70,000.
D) $84,000.
Correct Answer:
Verified
Correct Answer:
Verified
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