Salter has a 2014 net loss of $200,000. No dividends are declared or paid in 2014. What is the change in Pardy’s Investment in Salter for the year ending December 31, 2014?
A. $ 50,000
B. $ 70,000
C. $140,000
D. $210,000
Answer:D
Salter has a 2014 net loss of $200,000. No dividends are declared or paid in 2014. What is the change in Pardy’s Investment in Salter for the year ending December 31, 2014?
A. $ 50,000 B. $ 70,000 C. $140,000 D. $210,000
Explanation: D) Salter’s net loss $(200,000)