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23-12-2022
Business

Answered

Team Tennis owns 40% of Best Racquets, Inc. and accounts for the investment using the equity method. During the year, Best Racquets reports a net loss of $2,400,000 and pays total dividends of $50,000.Which of the following describes the change in Team Tennis’s investment in Best Racquets during the year?Select one:A. The investment decreases by $980,000B. The investment decreases by $2,450,000C. The investment increases by $50,000D. The investment decreases by $735,000

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