Question: MacGregor Tech acquires 8 , 8 0 0 shares ( 2 6 % ownership ) of Roy Industries on January 3 , 2 0 2

MacGregor Tech acquires 8,800 shares (26% ownership) of Roy Industries on January 3,2020. For 2020, Roy reports net income of
$210,000 and pays a $77,000 cash dividend. What is MacGregor's share of Roy's net income?
$74,620
$54,600
$0
$34,580
MacGregor Tech acquires 8,800 shares (26% ownership) of Roy Industries on

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