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Record crane equity in lauer net income

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Reference no: EM133065646

Question - Crane Company owns 30% of Lauer Company. For the current year, Lauer reports net income of $155,000 and declares and pays a $31,000 cash dividend. Record Crane's equity in Lauer's net income and the receipt of dividends from Lauer.

Reference no: EM133065646

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