Yaro company owns 20 of the common stock of dew co and uses

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Yaro Company owns 20% of the common stock of Dew Co. and uses the equity method to account for the investment. During 2014, Dew reported income of $160,000 and paid dividends of $60,000. There is no amortization associated with the investment. During 2014, how much income should Yaro recognize related to this investment?

Reference no: EM13579383

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