Use the Following Information for Questions $£ 2,400,000$ And Paid Cash Dividends Of

question 54

Multiple Choice

Use the following information for questions . Desmond Corporation owns 3,000 of the 10,000 outstanding ordinary shares of Wetmore Corporation. During 2011, Wetmore earned $£ 2,400,000$ and paid cash dividends of $£ 800,000$ .
-How much investment revenue should Desmond report in 2011?

• A) \(\quad £ 800,000\).
• B) \(\quad £ 720,000\).
• C) \(\quad£ 480,000\).
• D) \(\quad £ 2,400,000\).

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