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Williams Inc. acquires 10,200 shares (35% ownership) of Hall Industries on May 28, 2020. For 2020, Hall reports net income of $405,000 and pays a
Williams Inc. acquires 10,200 shares (35% ownership) of Hall Industries on May 28, 2020. For 2020, Hall reports net income of $405,000 and pays a $112,000 cash dividend. How much of a reduction must Williams record in its investment account as a result of this dividend? 0 $0 $39,200 $72,800 $112,000
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Management Accounting A Decision Emphasis
Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell
4th Edition
0471637130, 978-0471637134
