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On January 1 , 2 0 x 7 , Romulus Company acquired 3 0 % of the outstanding common stock of Remus Corporation for $
On January x Romulus Company acquired of the outstanding common stock of Remus Corporation for $ Remus reported net income and paid dividends for the years ended xx and x as follows: Year Net Income Dividends x $ $ x $ $ x $ $ Based on the above information, the amount of income related to its investment in Remus to be reported by Romulus for the year x is: $ $ $ $ None of the above
On January x Romulus Company acquired of the outstanding common stock of Remus Corporation for $ Remus reported net income and paid dividends for the years ended xx and x as follows:
Year
Net Income
Dividends
x
$
$
x
$
$
x
$
$
Based on the above information, the amount of income related to its investment in Remus to be reported by Romulus for the year x is:
$
$
$
$
None of the above
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