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Use the Following Information for Questions £2,400,000£ 2,400,000 And Paid Cash Dividends Of

Question 61

Multiple Choice

Use the following information for questions . Desmond Corporation owns 3,000 of the 10,000 outstanding ordinary shares of Wetmore Corporation. During 2011, Wetmore earned £2,400,000£ 2,400,000 and paid cash dividends of £800,000£ 800,000 .
-How much investment revenue should Desmond report in 2011?


A) £800,000\quad £ 800,000 .
B) £720,000\quad £ 720,000 .
C) £480,000\quad£ 480,000 .
D) £2,400,000\quad £ 2,400,000 .

Correct Answer:

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