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What is the amount of income rup should report

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Question - RUP Co. has a 30% ownership interest in ERT Co., a joint venture. During 2005, ERT reported net income of $200,000 and paid a dividend of $150,000. RUP's inventory includes goods purchased from ERT on which ERT had made a profit of $20,000. What is the amount of income RUP should report on its investment in ERT for 2005 under the equity method?

Reference no: EM133125379

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