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How much income from its investment in Davel

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Question - During calendar 2020, Davel Corp. reported net income of $45,000 and paid total cash dividends of $15,000. Ryan Inc. owns 2,250 of the 7,500 outstanding shares of Davel and exercises significant influence. How much income from its investment in Davel should Ryan report in 2020?

a. $45,000

b. $22,500

c. $13,500

d. $15,000

Reference no: EM132435956

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