Assume Salter’s net income for 2014 is $220,000. 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. $ 84,000
B. $119,000
C. $154,000
D. $189,000
Answer:A
Assume Salter’s net income for 2014 is $220,000. 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. $ 84,000 B. $119,000 C. $154,000 D. $189,000
Explanation: A) Salter’s net income $220,000