Singletary Corporation owns a 40 percent interest in the stock of Fleming Corporation.During 2014,Fleming pays $50,000 in dividends to Singletary and reports $214,000 in net income.Singletary Corporation's investment in Fleming will increase Singletary's income before income taxes by
A)$35,600.
B)$65,600.
C)$85,600.
D)$105,600.

Question

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The Answer of Singletary Corporation owns a 40 percent interest in the stock of Fleming Corporation.During 2014,Fleming pays $50,000 in dividends to Singletary and reports $214,000 in net income.Singletary Corporation's investment in Fleming will increase Singletary's income before income taxes by
A)$35,600.
B)$65,600.
C)$85,600.
D)$105,600.

Singletary Corporation Owns a 40 Percent Interest in the Stock