Multiple Choice
Milton Company owns 30% interest in the stock of Darcy Corporation.During the year,Darcy pays $20,000 in dividends to Milton,and reports $100,000 in net income.Milton Company will report Equity-Method Investment Revenue of:
A) $6,000.
B) $24,000.
C) $30,000.
D) $36,000.
Correct Answer:
Verified
Correct Answer:
Verified
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