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39. Frisbee Inc. owns a 30% interest in the shares of California Corp. During the...

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Accounting

39. Frisbee Inc. owns a 30% interest in the shares of California Corp. During the year, California pays $10,000 in dividends to Frisbee and reports a net loss of $80,000. Frisbees investment in California will affect Frisbees net income by

(a) $10,000 increase.

(b) $3,000 increase.

(c) $24,000 decrease.

(d) $21,000 decrease.

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