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Blue Company owns 25% interest in the stock of Pina Colada Corporation. During the year, Pina Colada pays $66000 in dividends to Blue, and reports

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Blue Company owns 25% interest in the stock of Pina Colada Corporation. During the year, Pina Colada pays $66000 in dividends to Blue, and reports $401000 in net income. Blue Company's investment in Pina Colada will increase Blue net income by $11750 566000 $100250 577750

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