Question
Stromboli Inc. earns $450,000 and pays cash dividends of $150,000 during 2017. Plano Corporation owns 75,000 of the 225,000 outstanding shares of Stromboli. How much
Stromboli Inc. earns $450,000 and pays cash dividends of $150,000 during 2017. Plano Corporation owns 75,000 of the 225,000 outstanding shares of Stromboli.
How much revenue from investment should Plano report in 2017?
a.$150,000
b.$200,000
c.$50,000
d.$100,000
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College Accounting
Authors: James A Heintz, Robert W Parry
20th Edition
538745215, 978-1111624743
