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How much income should black recognize on this investment

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Question - Black Company owns 15% of the common stock of White Corporation and used the fair-value method to account for this investment. White reported net income of $110,000 for 2013 and paid dividends of $80,000 on October 1, 2013. How much income should Black recognize on this investment in 2013?

Reference no: EM133141651

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