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Seville Company purchased 20% of stock of Toledo Company for $65,000 and applied the equity method. Toledo reported net income of $100,000 and paid cash
Seville Company purchased 20% of stock of Toledo Company for $65,000 and applied the equity method. Toledo reported net income of $100,000 and paid cash dividends of $30,000. What amount will appear on Seville's income statement for this investment? $6,000 $14,000 $30,000 $20,000
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