What is the effect of the joint venture performance

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Reference no: EM133445349

Question: Your company owns a 30% equity stake in a joint venture, which you account for using the equity method. The joint venture generated income of $493 in the past year and paid dividends of $150.

What is the effect of the joint venture's performance (income and/or dividends) on your firm's pre-tax income (i.e., net income ignoring taxes)?

Reference no: EM133445349

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