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Greene limited owns a 30% interest in shares of fields corporation. During the year, Fields pays $20,000 in dividends to Greene and reports 120,000 profit.
Greene limited owns a 30% interest in shares of fields corporation. During the year, Fields pays $20,000 in dividends to Greene and reports 120,000 profit. Greene investment in fields will increase Greenes profit by
a) 20,000
b) 6,000
c) 30,000
d) 36,000
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