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Matt accounts for its investment in Dallas Corporation under the equity method. Matt carried the Dallas investment at $151,000 and $165,650 at December 31, 2020,
Matt accounts for its investment in Dallas Corporation under the equity method. Matt carried the Dallas investment at $151,000 and $165,650 at December 31, 2020, and December 31, 2021, respectively. During 2021 Dallas recognized $75,300 of net income and paid dividends of $20,600. Assuming that Matt owned the same percentage of Dallas throughout 2021, its percentage ownership must have been: (Round your answer to the nearest whole percent): Multiple Choice 71%. 25%. O 19%. 27%
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