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The Winnetka Company accounts for its investment in its unconsolidated affiliate Bellwood Enterprises using the equity method. The Winnetka Company's annual report disclosed the book
The Winnetka Company accounts for its investment in its unconsolidated affiliate Bellwood Enterprises using the equity method. The Winnetka Company's annual report disclosed the book value of its 35 percent ownership interest in Bellwood as follows: Amounts in millions Year 1 Year 2 Equity investment in Bellwood $1,000 $1,060 During Year 2, Bellwood reported net income of $200 million. What amount of dividends was paid by Bellwood to Winnetka during Year 2? A. $10.0 million OB. $20.0 million OC. $25.4 million OD. $22.9 million
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