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How much investment revenue should McKinley report for year

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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

Reference no: EM132629780

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