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Ossaka Co acquired a 10% interest in Chan Corp. on December 31, 2016 for HK\$5,670,000....

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Accounting

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Ossaka Co acquired a 10% interest in Chan Corp. on December 31, 2016 for HK\$5,670,000. During 2017, Chan had net income of HK\$3,600,000 and paid cash dividends of HK\$900,000. Osaka's 2017 income statement will report dividend income of HK $90,000. investment income of HK$270,000 investment income of HK $360,000. cannot be determined from the information given

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