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(Solved): Wildhorse Inc. owns 24% of Tantramar Sand and Gravel and has significant influence over the compan ...



Wildhorse Inc. owns 24% of Tantramar Sand and Gravel and has significant influence over the company's operations. During the year, Tantramar had a net income of

$252000

and paid a dividend of

$42000

. The balance on Wildhorse's balance sheet for this investment would decrease by

$50400

. increase by

$252000

. increase by

$210000

. increase by

$50400

.

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