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Brown Corporation earns $480,000 net income and pays cash dividends of $160,000 during 2014. Dexter Corporation owns 2,000 of the 10.000 outstanding shares of Brown

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Brown Corporation earns $480,000 net income and pays cash dividends of $160,000 during 2014. Dexter Corporation owns 2,000 of the 10.000 outstanding shares of Brown and uses the Equity method. How much investment income should Dexter report in 2014? Select one: $160,000. $144,000. $96,000. $480,000

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