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QUESTION 6 Sag Corporation is a 90 percent -owned subsidiary of Pan Corporation. pan's investment...

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QUESTION 6 Sag Corporation is a 90 percent -owned subsidiary of Pan Corporation. pan's investment in sag account at January 1,2012, has a balance of $ 288,000. During 2012, sage reports income 35000 and its pays dividends of $20000, if Pan sells a 10 percent interest in sag on January 1.2012 for 40000 $. The net income from sag equal: a. 28000 b. O 31500 c. O 30000 d. O 28800

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