Stone co. owns 3000 of the 10000 outstanding shares of maye, Ask an Expert

Accounting

Stone Co. owns 3,000 of the 10,000 outstanding shares of Maye Corp. common stock. During 2007, Maye earns $180,000 and pays cash dividends of $50,000. Stone should report investment revenue for 2007 of

a. $18,000

b. $35,000

c. $45,000

d. $54,000

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Accounting Basics, Accounting

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