Question: Please explain the correct approach for solving this general accounting question. Marshall Corporation owns 12% of the common stock of Apex Industries and used the

Please explain the correct approach for solving this general accounting question.

Please explain the correct approach for solving
Marshall Corporation owns 12% of the common stock of Apex Industries and used the fair-value method to account for this investment. In 2022, Apex reported net income of $250,000 and paid dividends of $80,000 on November 15, 2022. How much income should Marshall recognize on this investment in 2022? a. $30,000 b. $9,600 c. $39,600 d. $21,600

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