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Q10. Catalina Company purchased 40% of the outstanding stock of Adobe Company on January 1. Adobe reported net income of $95,000 and declared dividends of

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Q10. Catalina Company purchased 40% of the outstanding stock of Adobe Company on January 1. Adobe reported net income of $95,000 and declared dividends of $35,000 during the year. How much would Catalina adjust its investment in Adobe Company under the equity method

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