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Indicate the effect on mckinleys net income

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Question - McKinley Company owns 15,000 of the 50,000 outstanding shares of Ranier Corporation common stock but cannot exert significant influence over Ranier. During 2009, Ranier earns $350,000 and pays cash dividends of $140,000.

Indicate the effect on McKinley's 2009 Net Income.

Reference no: EM131737340

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