41) Teal Mountain Inc. earns $1308000 and pays cash dividends for $392400 during 2017. Bramble Corporation...
41) Teal Mountain Inc. earns $1308000 and pays cash dividends for $392400 during 2017. Bramble Corporation owns 74250 of the 225000 outstanding shares of Teal Mountain. How much revenue from investment should Bramble report in 2017?
$131640.
$431640.
$526560.
$263280.
Homework Answers
Share outstanding = 74250/225000 = 33%
Revenue from investment = 1308000*33% = 431640
So answer is b) $431640
Add Answer to:
41) Teal Mountain Inc. earns $1308000 and pays cash dividends
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