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Business, 30.10.2021 14:00 gonzaloc

On January 1, Point, Inc., purchased 10% of Iona Co.’s common stock. Point purchased additional shares bringing its ownership up to 40% of Iona’s common stock outstanding on August 1. During October, Iona declared and paid a cash dividend on all of its outstanding common stock. How much income from the Iona investment should Point’s income statement report?

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On January 1, Point, Inc., purchased 10% of Iona Co.’s common stock. Point purchased additional shar...
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