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30. over Dimmit Dimmit's on January 2, 2020 2, 2020 Dewitt corporation purchased 17% of Dimmit Corporation's common stock for $59,000. The investment did not
30. over Dimmit Dimmit's on January 2, 2020 2, 2020 Dewitt corporation purchased 17% of Dimmit Corporation's common stock for $59,000. The investment did not give Dewitt signficant influence net income for the years ended December 31, 2020, and December 31, 2021, were $19,000 and $59,000, respectively During 2020, Dimmit declared and paid a dividend of $ 66,500, on December 31, 2020. the fair value of the Dimmit stock ouned by Dewitt had increased to $66.000 How much did the investment in Dimmit Increase the 2020 il income of Dewitt? A. $ 23,500 B. $ 18,305 C. $ 11,305 D. $13.000
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