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The Mono School Fund, a non-profit organization, owns 55% of the outstanding stock of M.T. Lott Developers, Inc. During the year, M.T. Lott Developers,

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The Mono School Fund, a non-profit organization, owns 55% of the outstanding stock of M.T. Lott Developers, Inc. During the year, M.T. Lott Developers, Inc., reports net income of $240,000, and pays total dividends of $80,000. The Mono School [Select] of $44,000 on its own financial statements. of $132,000 and [Select]

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