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Jones Company elected to use the cumulative earnings approach for distributions from its equity-method investment purchased at the beginning of 20X1. During 20X1, Jones earned
Jones Company elected to use the cumulative earnings approach for distributions from its equity-method investment purchased at the beginning of 20X1. During 20X1, Jones earned $200,000 on the investment and received $210,000 in dividends.
In the investing activities section of the statement of cash flows prepared under the direct method, Jones reports dividends of:
Multiple Choice
$10,000.
$200,000.
$210,000.
$0.
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