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Question - McKinley Company owns 15,000 of the 50,000 outstanding shares of Ranier Corporation common stock and can exert significant influence over Ranier. For the year, Ranier earns $350,000 and pays cash dividends of $140,000.
How much investment revenue should McKinley report for the year?
a. $63,000
b. $210,000
c. $105,000
d. $140,000
e. $42,000
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