=+3. Cole Company owns 40% of Barnwell Inc. During the current year, Barnwell reported net income of
Question:
=+3. Cole Company owns 40% of Barnwell Inc.
During the current year, Barnwell reported net income of $200,000 and declared dividends of
$60,000. How much would Cole Company increase Investment in Barnwell Inc. Stock for the current year?
A. $24,000 C. $80,000 B. $56,000 D. $104,000
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