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Business, 03.07.2019 02:30 lydiapoetz5330

Rich, inc. acquired 30% of doane corp.'s voting stock on january 1, 2012 for $600,000. during 2012, doane earned $240,000 and paid dividends of $150,000. rich's 30% interest in doane gives rich the ability to exercise significant influence over doane's operating and financial policies. during 2013, doane earned $300,000 and paid dividends of $90,000 on april 1 and $90,000 on october 1. on july 1, 2013, rich sold half of its stock in doane for $396,000 cash. before income taxes, what amount should rich include in its 2012 income statement as a result of the investment? question 24 options: $240,000. $150,000. $72,000. $45,000.

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Rich, inc. acquired 30% of doane corp.'s voting stock on january 1, 2012 for $600,000. during 2012,...

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