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What percent of the dividends paid by pratt is reported

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Problem 1: Pratt Corporation owns 75 percent of Swan Corporation's outstanding common stock. Swan, in turn, owns 15 percent of Pratt's outstanding common stock. What percent of the dividends paid by Pratt is reported as dividends declared in the consolidated retained earnings statement?

A) None

B) 100 percent

C) 85 percent

D) 75 percent

Reference no: EM132700248

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