Grey Inc. owns 10% of the common stock of blue company, then Grey Inc: ...
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Accounting
Grey Inc. owns 10% of the common stock of blue company, then Grey Inc:
- Would record 10% of the net income of Blue Company as investment income each year.
- Would record dividends received from blue company as investment revenue.
- Would increase its investment account by 10% of Blue company income each year.
- All of the answer choices are correct.
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