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A firm acquires 10% of an investee's stock for $100,000. If the market value of...

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Accounting

A firm acquires 10% of an investee's stock for $100,000. If the market value of the stock increases to $130,000 and the investee reports $500,000 in net income and also pays a total dividend of $50,000, then the total amount of effects on the income statement for the year is:
Group of answer choices
$80,000
$30,000
$150,000
$35,000

Answer & Explanation Solved by verified expert
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