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Business, 04.04.2020 05:35 jazzzzhands21
Savannah Corporation purchased 35,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2017.
During 2017, Boulet Corporation had 140,000 shares of common stock outstanding, paid cash dividends of $120,000, and reported net income of $320,000.
Savannah Corporation should report revenue from investment for 2017 in the amount of:
A. $50,000
B. $80,000
C. $0.
D. $30,000
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Savannah Corporation purchased 35,000 shares of common stock of the Boulet Corporation for $50 per s...
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