The Following Information Pertains to Questions

question 4

Multiple Choice

The following information pertains to questions
GNR Inc owns 100% of NMX Inc.During the year,NMX Inc earned a net income of $40,000 and paid Dividends of $10,000.
-Assuming that GNR owned 80% of NXR instead of 100%,what would be the effect on GNR's investment in NMX account under the Equity Method?

• A)An increase of $30,000.
• B)An increase of $40,000.
• C)An increase of $24,000.
• D)No effect.

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Definitions:

Ayurvedic Medicine

Ayurvedic medicine is a traditional Indian system of medicine that focuses on balancing body, mind, and spirit to prevent and treat illness through lifestyle practices and the use of herbal remedies.

Scientific Evidence

Information derived from scientific research and methods that serves to support or refute a hypothesis or theory.

Male Nurse

A registered nurse who is male, working within various specialties of nursing. Nursing is a profession that is not limited by gender.

Nondenominational Chaplains

Spiritual caregivers who provide support and religious services to individuals of any or no specific faith in institutions like hospitals.