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Cost method consolidation entries (controlling investment in affiliate, fair value differs from book value) net income of $48,640 and paid dividends of $20,480. year ended

Cost method consolidation entries (controlling investment in affiliate, fair value differs from book value) net income of $48,640 and paid dividends of $20,480. year ended December 31, 2022? Select one: a. $48,640 b. $39,040 C. $28,160 d. $20,480

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