JDR Company purchased 40% of the common stock of YRK Corporation on January 1, 2010, for $2,000,000 as a long-term investment. The records of YRK Corporation showe the following on December 31, 2010:
How much investment income should JDR report from the YRK investment during 2010
A) $116,000
B) $290,000
C) $12,000
D) $30,000
Correct Answer:
Verified
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