Brady Logistics purchased a 30% equity interest in Belichick Delivery for $1,000,000 at the beginning of Year 1. During Year 1, Belichick declared $900,000 in net income and paid $400,000 in dividends. What AMOUNT OF NET INC will Brady report on this investment?

a. $150,000
b. $0
c. $270,000
d. $120,000

c. $270,000

Business

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