Investor Corporation owns 30% of Investee Corporation. Investee had net earnings of $100,000 during the year and paid dividends of $30,000. Investor's Investment in Investee account contained a $70,000 balance at the beginning of the year. How much dividend income will Investor record?
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Investor Corporation owns 30% of Investee Corporation. Investee had net earnings of $100,000 during...
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