Dobson Inc. earns $450,000 and pays cash dividends of $150,000 during 2010. Cornwell Corporation owns 70,000 of the 210,000 outstanding shares of Dobson.
How much revenue from investment should Cornwell report in 2010?
A) $50,000
B) $100,000
C) $150,000
D) $200,000
Correct Answer:
Verified
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