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Brown Enterprises received dividends from its common stock investments during the year ended December 31 as follows: A cash dividend totaling $60,000 from its trading
Brown Enterprises received dividends from its common stock investments during the year ended December 31 as follows: A cash dividend totaling $60,000 from its trading security investment in the Stevens Corporation. A cash dividend of $40,000 from Johnston Corp. in which Brown owns a 39% interest. How much dividend income should Brown report in its Income Statement?
$15,600 |
$75,600 |
$60,000 |
$100,000 |
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