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Red Corp. owns 3,000 of the 10,000 outstanding common shares of Grey Corp. and exercises significant influence. During 2023, Grey reported net income of $120,000

Red Corp. owns 3,000 of the 10,000 outstanding common shares of Grey Corp. and exercises significant influence. During 2023, Grey reported net income of $120,000 and paid total cash dividends of $40,000. Red Corp. should report investment income for 2023?

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