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QUESTION
Rodman Co. owns 3,000 of the 10,000 outstanding common shares of Gavin Corp. and exercises significant influence. During 2011, Gavin earns $60,000...
Rodman Co. owns 3,000 of the 10,000 outstanding common shares of Gavin Corp. and exercises significant influence. During 2011, Gavin earns $60,000 and pays cash dividends of $20,000. Rodman should report investment revenue for 2011 ofA) $15,000.B) $6,000.C) $12,000.D) $18,000
