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Pablo Corporation purchased 25,000 shares of common stock of the Twister Corporation for $40 per share on January 2, 2020 and has significant influence. Twister
Pablo Corporation purchased 25,000 shares of common stock of the Twister Corporation for $40 per share on January 2, 2020 and has significant influence. Twister Corporation had 100,000 shares of common stock outstanding during 2020, paid cash dividends of $150,000 during 2020, and reported net income of $500,000 for 2020. Pablo Corporation should report revenue from investment for 2020 in the amount of
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