Use the Following Information for Questions

question 78

Multiple Choice

Use the following information for questions.
Red Corp.owns 3,000 of the 10,000 outstanding common shares of Grey Corp.and exercises significant influence.During 2017, Grey reported net income of $120,000 and paid total cash dividends of $40,000.
-Red Corp.should report investment revenue for 2017 of

• A)$12,000.
• B)$24,000.
• C)$36,000.
• D)$48,000.

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Definitions:

True-False Exams

A type of assessment where participants decide if statements are correct or incorrect.

Recognition

Acknowledgment or appreciation of someone's effort, achievement, or status.

Recall

The act of remembering or recollecting past experiences or information.

Priming

A method for measuring implicit memory in which a person reads or listens to information and is later tested to see whether the information affects performance on another type of task.