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Question 5 1 pts Largo Company owns 80% of the outstanding voting shares of Small Company. Both companies continue to exist. During the current
Question 5 1 pts Largo Company owns 80% of the outstanding voting shares of Small Company. Both companies continue to exist. During the current year, Small reports income of $100 million and pays dividends of $40 million. What is the effect of Small's reported income on Largo Company's pretax income? O $60 million O $80 million $100 million O $40 million
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