Multiple Choice
Singletary Corporation owns a 40 percent interest in the stock of Fleming Corporation.During 2014,Fleming pays $50,000 in dividends to Singletary and reports $214,000 in net income.Singletary Corporation's investment in Fleming will increase Singletary's income before income taxes by
A) $35,600.
B) $65,600.
C) $85,600.
D) $105,600.
Correct Answer:
Verified
Correct Answer:
Verified
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