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(CPAAdapted) Pane Co. owns 90% of the common stock of Sun Corp. and 100% of the common stock of Speech Corp. On December 30, Sun
(CPAAdapted) Pane Co. owns 90% of the common stock of Sun Corp. and 100% of the common stock of Speech Corp. On December 30, Sun and Speech each declared a cash dividend of $100,000 for the current year. What is the total amount of dividends that should be reported in the Deceniber 31 consolidated financial statements of Pane and its subsidiaries, Sun and Speech? $10,000 $190,000 $100,000 $200,000 (CPAAdapted) Pane Co. owns 90% of the common stock of Sun Corp. and 100% of the common stock of Speech Corp. On December 30, Sun and Speech each declared a cash dividend of $100,000 for the current year. What is the total amount of dividends that should be reported in the Deceniber 31 consolidated financial statements of Pane and its subsidiaries, Sun and Speech? $10,000 $190,000 $100,000 $200,000
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