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How much revenue from investment should plano report

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Reference no: EM132782021

Problem 1: Stromboli Inc. earns $450,000 and pays cash dividends of $150,000 during 2017. Plano Corporation owns 75,000 of the 225,000 outstanding shares of Stromboli. How much revenue from investment should Plano report in 2017?

a. $150,000

b. $200,000

c. $50,000

d. $100,000

Reference no: EM132782021

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