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What the binder income from funk

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Question - On January 2, 2013, P. T. Binder, Inc. purchased a 25% interest in Funk Corp. for $1,000,000 cash. During 2013, Funk's net income was $2,000,000 and it paid dividends of $600,000. What the Binder's 2013 income from Funk?

a. $500,000

b. $ 150,000

c. $1,400,000

d. $420,000

Reference no: EM132960681

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