Multiple Choice
Use the following information to solve the following questions:
During calendar 2020, Davel Corp. reported net income of $ 45,000 and paid total cash dividends of $ 15,000. Ryan Inc. owns 2,250 of the 7,500 outstanding shares of Davel and exercises significant influence.
-How much income from its investment in Davel should Ryan report in 2020?
A) $ 45,000
B) $ 15,000
C) $ 13,500
D) $ 22,500
Correct Answer:
Verified
Correct Answer:
Verified
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