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Appendix HC (4pts) 14) France Company owns 40% interest in the stock of QWE Corporation. During the year, QWE pays $40,000 in dividends to France,

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Appendix HC (4pts) 14) France Company owns 40% interest in the stock of QWE Corporation. During the year, QWE pays $40,000 in dividends to France, and reports $300,000 in net income. France Company's investment in QWE will increase by $104,000. $120,000. $80,000. $16,000

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