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acquired 2 0 percent of the outstanding common stock of Martes, Inc., for $ 8 3 2 , 0 0 0 . In 2 0

acquired 20 percent of the outstanding common stock of Martes, Inc., for $832,000. In 20X1, Martes reported net income of $254,000. Assume Domingo has no significant influence over Martes, what amount of income from investment in Martes should Domingo report in year

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