Cisneros Corporation owns (75 %) of Harrell Inc. During the current year, Harrell Inc. reported net income
Question:
Cisneros Corporation owns \(75 \%\) of Harrell Inc. During the current year, Harrell Inc. reported net income of \(\$ 150,000\) and declared dividends of \(\$ 40,000\). How much would Cisneros Corporation increase Investment in Harrell Inc. Stock for the current year?
A. \(\$ 0\)
B. \(\$ 30,000\)
C. \(\$ 82,500\)
D. \(\$ 112,500\)
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Related Book For 
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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