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Phone Corporation owns a 90% interest in Style Company, acquired several years ago at a cost equal to book value and fair value. Style sells

Phone Corporation owns a 90% interest in Style Company, acquired several years ago at a cost equal to book value and fair value. Style sells merchandise to Phone for the first time in 2023, and some is unsold by Phone at December 31, 2023. In computing Income from Style for 2023 under the equity method, Phone uses which equation?

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