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Brennan Company owns 30% of the common shares of Black Incorporated. They purchased the shares...

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Finance

Brennan Company owns 30% of the common shares of Black Incorporated. They purchased the shares at the beginning of the year for $250,000. The year end financial statements for Black showed income of $50,000 and Brennan also received dividends in the amount of $10,000. How much investment income did Brennan report in their financial statements for the year?

$50,000

$15,000

$25,000

$60,000

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