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u. 10,000. 33. Penny Company owns 30% interest in the stock of Lynn Corporation. During the year, Lynn pays $25,000 in dividends, and reports $200,000
u. 10,000. 33. Penny Company owns 30% interest in the stock of Lynn Corporation. During the year, Lynn pays $25,000 in dividends, and reports $200,000 in net income. Penny Company's investment in Lynn will increase by how much
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