Nance Company owns 30% interest in the shares of Finley Corporation.During the year, Finley pays $25,000 in dividends, and reports $100,000 in net income.Nance Company's investment in Finley will increase by
A) $25,000.
B) $30,000.
C) $24,000.
D) $22,500.
Correct Answer:
Verified
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