mcmrie80321 mcmrie80321

25-05-2023
Business

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Sheffield Company owns 35% interest in the stock of Martinez Corporation. During the year, Martinez pays $15500 in dividends to Sheffield, and reports a net loss of $225000. Sheffield Company's investment in Martinez will affect Sheffield net income by a $78750 decrease. $15500 decrease. $15500 increase. $78750 increase.

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