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On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $31 each plus a brokerage fee of $1,500 These
On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $31 each plus a brokerage fee of $1,500 These 3,000 shares represent a 17% interest in Vancouver Company During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $36 each. Assuming BC Company is accounting for this investment using the Cost Model, how much in Net Income (not och did this investment generate for BC Company during 2020? Enter your answer without symbols or commas and to the nearest dollat
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