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Anchor Co owns 40% of Main Co's common stock outstanding and 75% of Main's noncumulative preferred stock outstanding Archor exercises significant influence over Main's operations.
Anchor Co owns 40% of Main Co's common stock outstanding and 75% of Main's noncumulative preferred stock outstanding Archor exercises significant influence over Main's operations. During the current period, Main declared dividends of S200,000 on its common stock and 5100 000 on its noncumulative preferred stock. What amount of dividend income should Anchor report on Yts income statement for the current penod related to its investment in Main? $75 000 S80.000 S120.000 S225.000
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