On January 1 . 2014, Comas Corporation acquired Partly, Inc as a long-term investment for $250,000 (a 30 percent common stock interest in Partly). On that date, Partly had net assets with a book value and current market value of $800,000 . During 2014, Partly reported net income of $85,000 and declared and paid cash dividends of $20,000 . What is the maximum amount of income that Comas should
report from this investment for 2014?
a. $25,500
b. $21,000
c. $6,000
d. $33,000
A
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