Camp’s pays $100,000 of dividends. Manu must recognize $360,000 of income.
A. Statements I, II, and III are correct.
B. Only statements I, and II are correct.
C. Only statements II and III are correct
D. No statement is correct.
Answer:B
Camp’s pays $100,000 of dividends. Manu must recognize $360,000 of income.
A. Statements I, II, and III are correct. B. Only statements I, and II are correct. C. Only statements II and III are correct D. No statement is correct.