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Business, 18.07.2020 21:01 lylah42

On January 1 of the current year, an entity purchased 10% of another entity’s ordinary shares. The entity purchased additional shares bringing its ownership up to 40% of the investee’s ordinary shares outstanding on August 1 of the current year. During October of the current year, the investee declared and paid a cash dividend on all of its outstanding ordinary shares. How much income from the investment should the entity report for the current year?

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On January 1 of the current year, an entity purchased 10% of another entity’s ordinary shares. The e...
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