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Edmonton ltd owns 10% interest in shares of jasper corp. During the year, Jasper pays $5,000 in dividends to Edmonton and reports a net loss
Edmonton ltd owns 10% interest in shares of jasper corp. During the year, Jasper pays $5,000 in dividends to Edmonton and reports a net loss of $50,000. Edmontons investment in Jasper will affect Edmonton's profit by
a) 5,000 increase
b) 5,000 decrease
c) 4,500 increase
d) 500 increase
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