Yaro company owns 30 of the common stock of dew co. and, Ask an Expert

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Yaro Company owns 30% of the common stock of Dew Co. and uses the equity method to account for the investment. During 2011, Dew reported income of $250,000 and paid dividends of $80,000. There is no amortization associated with the investment. During 2011, how much income should Yaro recognize related to the investment?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9419858

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