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help soon please S. Pearl owns 45% of S. Diamond Inc, and accounts for the investment using the equity method. During the year, S. Diamond
help soon please
S. Pearl owns 45% of S. Diamond Inc, and accounts for the investment using the equity method. During the year, S. Diamond reports a net income of $4,500,000 and pays total dividends of $75,000. Which of the following is a correct statement? Select one: a. The investment increases by $2,025,000 b. The investment increases by $2,058,750. The investment increases by $1,991,250. d. The investment decreases by $33,750 Step by Step Solution
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