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If AAA Company owns 12% of the common stock of BBB Company, then AAA Company typically: Multiple Choice Would record 12% of the net income
If AAA Company owns 12% of the common stock of BBB Company, then AAA Company typically: Multiple Choice Would record 12% of the net income of BBB Company as Investment income each year. Would record dividends received from BBB Company as investment revenue. Would increase its investment account by 12% of BBB Company income each year. All of these answer choices are correct
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