The Jamestown Corporation (Jamestown) reported net income for the current year of $200,000 and paid cash dividends of $30,000.The Stadium Company (Stadium) holds 22 percent of the outstanding voting stock of Jamestown.However,another corporation holds the other 78 percent ownership and does not take Stadium's wants and wishes into consideration when making financing and operating decisions for Jamestown.What investment income should Stadium recognize for the current year?
A) $6,600
B) $0
C) $44,000
D) $50,600
Correct Answer:
Verified
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