Greene Limited Owns a 30% Interest in the Shares of Fields

question 91

Multiple Choice

Greene Limited owns a 30% interest in the shares of Fields Corporation.During the year, Fields pays $20,000 in dividends to Greene and reports $120,000 profit.Greene's investment in Fields will increase Greene's profit by

• A)$36,000.
• B)$30,000.
• C)$20,000.
• D)$ 6,000.

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Definitions:

Economic Support

Financial or material assistance provided to individuals, families, or communities to ensure their basic needs are met or to support economic development.

Middle Class

Describes a socio-economic group that falls between the working class and upper class, often characterized by moderate incomes, education levels, and occupations.

Upper Class

A social group at the top of a societal hierarchy which possesses more wealth, power, and prestige than other classes.

Working Class

A social group comprising individuals in manual-labor occupations or industrial work, often associated with lower socioeconomic status.