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Wyatt Company acquired 30% interest in the voting stock of Staples Inc. for $650.000. During the first year, Staples Inc. reported net income of $240,000

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Wyatt Company acquired 30% interest in the voting stock of Staples Inc. for $650.000. During the first year, Staples Inc. reported net income of $240,000 and paid cash dividends totaling $60,000 What amount will Wyatt Company report on its income statement related to its investment in Staples Inc

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