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Martin has a controlling interest in Rowen s outstanding stock. At the current year - end, the following information has been accumulated for these two

Martin has a controlling interest in Rowens outstanding stock. At the current year-end, the following information has been accumulated for these two companies:
Separate Operating Income Dividends Paid
Martin $500,000 $90,000
(includes a $90,000 net gross profit in intra-entity ending inventory)
Rowen 240,000
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