On January 2, 2017, Pfizer Co

question 19

Multiple Choice

On January 2, 2017, Pfizer Co. purchased 22% of Wiley Company's voting stock for $150,000. During 2017, Wiley recorded income of $102,000 and paid total dividends of $27,000. Pfizer uses the equity method to account for this investment. What is Pfizer's income from the Wiley investment?

• A)$27,000
• B)$28,380
• C)$22,440
• D)$33,000

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