Singletary Corporation Owns a 40 Percent Interest in the Stock

question 18

Multiple Choice

Singletary Corporation owns a 40 percent interest in the stock of Fleming Corporation.During 2014,Fleming pays $50,000 in dividends to Singletary and reports $214,000 in net income.Singletary Corporation's investment in Fleming will increase Singletary's income before income taxes by

• A)$35,600.
• B)$65,600.
• C)$85,600.
• D)$105,600.

---

Definitions:

Klinefelter's Syndrome

A genetic condition in males characterized by an extra X chromosome, leading to various physical and reproductive issues.

Breast Enlargement

The increase in size, shape, or fullness of the breasts, which can occur naturally, through hormonal changes, or be achieved surgically.

Tissues

Groups of similar cells that perform specific functions within an organism, fundamental components of biology in structure and function.

Dominant Gene

The prevailing gene.