Question: Coop incorporated ows 3 7 percent of Chicken Incorporated. Both Coop and Chicken are corporations. Ciicken pays Coop a dividend of $ 2 5 .

Coop incorporated ows 37 percent of Chicken Incorporated. Both Coop and Chicken are corporations. Ciicken pays Coop a dividend of $25.000 in the current year. Chicken also reports financial accounting easings of $35,000 for that reas. Assume Coop follows the general nule of accounting for investment in Chicken. What is the amount and nature of the book-tax difference to Coop associated with is investment in Chicken stock fgnoring the thitends recetved deductiont?
Muliple Choice
512.050 unfeversbie
$0.050 forornble
$25.000 unfergrabie
125,009 foronable
None of the choices is corect.
Coop incorporated ows 3 7 percent of Chicken

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