Question
During calendar 2020, Davel Corp. reported net income of $45,000 and paid total cash dividends of $15,000. Ryan Inc. owns 2,250 of the 7,500 outstanding
During calendar 2020, Davel Corp. reported net income of $45,000 and paid total cash dividends of $15,000. Ryan Inc. owns 2,250 of the 7,500 outstanding shares of Davel and exercises significant influence. How much income from its investment in Davel should Ryan report in 2020?
a.$45,000
b.$22,500
c.$13,500
d.$15,000
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
