For the year ending December 31, 2014, the amount of Pamplin’s income from Sage (associated with the common stock investment in Sage) is
A. $32,400.
B. $36,000.
C. $60,000.
D. $90,000.
Answer:A
For the year ending December 31, 2014, the amount of Pamplin’s income from Sage (associated with the common stock investment in Sage) is
A. $32,400. B. $36,000. C. $60,000. D. $90,000.
Explanation: A) Preliminary computations: