Homework Answers
Answer: d.$57,200
Explanation:
| Year 2021 | |
| Dividend revenue [$60,000 x 12%] | $ 7,200 |
| Fair value adjustment | $ 50,000 |
| [$120,000 - $70,000] | |
| Income from investment | $ 57,200 |
Thus, Option d) is correct and remaining given options are incorrect.
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