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QUESTION 1 Emma Company owns 11% of Noah Company. Emma paid $91,300 for its investment. Noah Company's net income and dividends as a whole are

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QUESTION 1 Emma Company owns 11% of Noah Company. Emma paid $91,300 for its investment. Noah Company's net income and dividends as a whole are reported as Net Income Year Dividends 2017 100,000 110,000 90,000 2018 90,000 The income recognized by Emma on the Noah Co Investment in 2018 would be $

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