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Tracy Company owns 3,000 of the 10,000 outstanding shares of Penn Corporation common stock and uses the Equity method. During 2015, Penn earns $300,000 income
Tracy Company owns 3,000 of the 10,000 outstanding shares of Penn Corporation common stock and uses the Equity method. During 2015, Penn earns $300,000 income and pays cash dividends of $100,000 Tracy should report investment revenue for 2015 of Select one: $40,000. $90,000. $100,000. $120.000
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