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Business, 13.01.2021 17:30 kobiemajak

On January 2, 2018, Howdy Doody Corporation purchased 13% of Ranger Corporation's common stock for $52,000. Ranger's net income for the years ended December 31, 2018 and 2019, were $13,000 and $56,000, respectively. During 2018, Ranger declared and paid a dividend of $67,000. On December 31, 2018, the fair value of the Ranger stock owned by Howdy Doody had increased to $66,000. How much should Howdy Doody show in the 2018 income statement as income from this investment

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On January 2, 2018, Howdy Doody Corporation purchased 13% of Ranger Corporation's common stock for $...
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