Question

Oriole Company owns 40% interest in the stock of Sandhill Corporation. During the year, Sandhill pays $18700 in dividends to Oriole, and reports $303000 in net income. Oriole Company’s investment in Sandhill will increase Oriole's net income by


 

 

$121200.

 

$128680.

 

$9350.

 

$7480.

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Consolidated Financial Statement

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