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Nance Company Owns 30% 30 \% Interest in the Shares of Finley Corporation

Question 72

Multiple Choice

Nance Company owns 30% 30 \% interest in the shares of Finley Corporation. During the year, Finley pays $25,000 \$ 25,000 in dividends, and reports $100,000 \$ 100,000 in net income. Nance Company's investment in Finley will increase by


A) $25,000 \$ 25,000 .
B) $30,000 \$ 30,000 .
C) $24,000 \$ 24,000 .
D) $22,500 \$ 22,500 .

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