Use the Following Information to Solve the Following Questions

question 51

Multiple Choice

Use the following information to solve the following questions:
During calendar 2020, Davel Corp. reported net income of $ 45,000 and paid total cash dividends of $ 15,000. Ryan Inc. owns 2,250 of the 7,500 outstanding shares of Davel and exercises significant influence.
-How much income from its investment in Davel should Ryan report in 2020?

• A) $ 45,000
• B) $ 15,000
• C) $ 13,500
• D) $ 22,500

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