On January 2, 2010, Pfizer Co

question 88

Multiple Choice

On January 2, 2010, Pfizer Co. purchased 22% of Wiley Company's voting stock for $150,000. During 2010, 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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