I need help with this solution and general accounting question Marshall Corporation owns 12% of the common stock of Apex Industries andused the fair-value method to account for this investment. In 2022, Apex reportednet income of $250,000 and paid dividends of $80,000 on November 15, 2022.How much income should Marshall recognize on this investment in 2022?a. $30,000b. $9,600c. $39,600d. $21,600

Step 1: Definition of Income Recognition for Fair-Value MethodUnder the fair-value method of…

Answered: Marshall Corporation owns 12% of the…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 11MCQ

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Please give me true answer this financial accounting question
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