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21. As of Dec. 31, 2018 Eddy earned net income of $800,000. Eddy paid $5,000 cash dividends to Gordon. Gordon has 10% of Eddy's common
21. As of Dec. 31, 2018 Eddy earned net income of $800,000. Eddy paid $5,000 cash dividends to Gordon. Gordon has 10% of Eddy's common shares. What amount should be reported on Gordon's 2018 income statement for the dividends received from Eddy and earnings announced by Eddy, respectively? $5,000 and $80,000. $0 and $80,000. $5,000 and $0. $0 and $0. se od
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