Multiple Choice
Kelsey Company owns 30% interest in the stock of David Corporation. During the year, David pays $25,000 in dividends, and reports $100,000 in net income. Kelsey Company's investment in David will increase by:
A) $25,000.
B) $30,000.
C) $24,000.
D) $22,500.
Correct Answer:
Verified
Correct Answer:
Verified
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