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Corlys Corporation owns 4 0 % interest in Daemon, Inc and uses the Equity Method. Corlys sold inventory that cost $ 2 5 0 ,
Corlys Corporation owns interest in Daemon, Inc and uses the Equity Method. Corlys sold inventory that cost $ to Daemon for $ Daemon subsequently sold of the inventory to Lannister Inc for $ Assume Daemon only had that one sale to Lannister and reports income based on that sale. Daemon Inc. also pays $ in dividends. How much Equity Income does Corlys record?
a $
b $
c $
d $
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