Question
Cross Company owns 30% interest in the stock of Goebel Corporation. During the year, Jamian pays $50,000 in dividends to Cross, and reports $250,000 in
Cross Company owns 30% interest in the stock of Goebel Corporation. During the year, Jamian pays $50,000 in dividends to Cross, and reports $250,000 in net income. Cross Companys investment in Goebel will increase Cross net income by
| A. | $75,000. |
| B. | $60,000. |
| C. | $50,000. |
| D. | $15,000. |
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
