Nance company owns 30 interest in the stock of finley, Ask an Expert

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Nance Company owns 30% interest in the stock of Finley Corporation. During the year, Finley pays $25,000 in dividends to Nance, and reports $100,000 in net income. Nance Company's investment in Finley will increase by

a. $25,000.

b. $30,000.

c. $24,000.

d. $22,500

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403574

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