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pelican corporation acquired a 30% interest in crustacean inc at book value several years ago. crustacean declared 100,000 dividends in 2005 and reported its income
pelican corporation acquired a 30% interest in crustacean inc at book value several years ago. crustacean declared 100,000 dividends in 2005 and reported its income for the year as follows: incom from continuing operations 700,000 loss on discontinued division (100,000) net income 600,000 pelican's investment in crustacean account for 2003 should increase by: a. 150,000 b. 160, 000 c. 180,000 d.210,000
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