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Nance Company owns 30% interest in the stock of Fi...

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Solution


Question

Nance Company owns 30% interest in the stock of Finley Corporation. During the year, Finley pays $25,000 in dividends to Nance, and reports $100,000 in net income. Nance Company?s investment in Finley will increase by a. $25,000. b. $30,000. c. $24,000. d. $22,500

 

Paper#11272 | Written in 18-Jul-2015

Price : $25
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