Brown Corporation earns $480,000 net income and pays cash dividends of $160,000 during 2014. Dexter Corporation owns

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Brown Corporation earns $480,000 net income and pays cash dividends of $160,000 during 2014.

Dexter Corporation owns 2,000 of the 10,000 outstanding shares of Brown and uses the Equity method How much investment should Dexter report in 2014?

Select one:

a. $160,000.

b. $144,000.

c. $96,000.

d. $480,000.

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ISBN: 978-1259097126

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Authors: Robert Anthony, David Hawkins, Kenneth Merchant

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Posted Date: Aug 29, 2018 08:17 AM

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Brown Corporation earns $480,000 net income and pays cash dividends of $160,000 during 2014. Dexter Corporation owns

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