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Advanced accounting
 [ 2 Answers ]
 
Yult Company owns 25% of the common stock of Dent Co. and uses the equity method to account for the investment. During 2002, Dent reported income of $220,000 and paid dividends of $80,000. There is no amortization associated with the investment. During 2002, how much income should Yult recognize... View more questions Search 
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