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Business, 24.02.2020 23:59 einsigcn8481

Trapp Company reported net income of $110,000 for 2019 and paid dividends of $60,000 on November 1, 2019. Grape Company owns 15% of the common stock of Trapp and used the fair-value method to account for this investment. How much income should Grape recognize on this investment in 2019?

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Trapp Company reported net income of $110,000 for 2019 and paid dividends of $60,000 on November 1,...
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