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's investment in Darcy will increase Milton's net income by:
A) $15,000.
B) $30,000.
C) $24,000.
D) $6,000.
Correct Answer:
Verified
Correct Answer:
Verified
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