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Business, 22.04.2020 02:17 401666

Waterway Company owns 30% interest in the stock of Pharoah Corporation. During the year, Pharoah pays $21000 in dividends to Waterway, and reports $315000 in net income. Waterway Company’s investment in Pharoah will increase Waterways net income by

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Waterway Company owns 30% interest in the stock of Pharoah Corporation. During the year, Pharoah pay...

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