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n January 2 0 X 1 , Domingo, Inc., acquired 2 0 percent of the outstanding common stock of Martes, Inc., for $ 8 3
n January X Domingo, Inc., acquired percent of the outstanding common stock of Martes, Inc., for $ In X Martes reported net income of $ Dividends of $ were declared in X The fair value of Domingo's investment in Martes, as determined by market prices, was $ Assume Domingo has significant influence over Martes, what amount of income from investment in Martes should Domingo report in year X
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