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ABC company purchased 6,000 shares if XYZ, inc which brings the total outstanding to 20,000. XYZ, inc reports net income of $300,000 and declared and

ABC company purchased 6,000 shares if XYZ, inc which brings the total outstanding to 20,000. XYZ, inc reports net income of $300,000 and declared and paid the dividends of $20,000. What is the net increase/decrease in the investment on ABC's books:

A. $90,000 increase

B. $6,000 decrease

C. $84,000 increase

D. $84,000 decrease

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