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    jenniferbrumley's Avatar
    jenniferbrumley Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 16, 2007, 08:28 PM
    Advanced accounting
    Yult Company owns 25% of the common stock of Dent Co. and uses the equity method to account for the investment. During 2002, Dent reported income of $220,000 and paid dividends of $80,000. There is no amortization associated with the investment. During 2002, how much income should Yult recognize related to this investment?
    A) $20,000
    B) $75,000
    C) $55,000
    D) $35,000
    E) $46,000
    PurpleLagoon's Avatar
    PurpleLagoon Posts: 42, Reputation: 5
    Junior Member
    		  
    #2

    May 18, 2007, 07:58 AM
    Should be a
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #3

    Jun 8, 2007, 07:32 PM
    B, 75,000
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