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ABC Co. purchased 30% of the shares of xYZ Co. on January 1,2022, for $150,000....

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Accounting

ABC Co. purchased 30% of the shares of xYZ Co. on January 1,2022, for $150,000. For the year ended December 31,2022,xYZ reported
net income of $180,000 and paid dividends of $120,000.
Assuming that ABC 's 30% investment in xYZ did not allow it to exercise significant influence, how much income would ABC report from its
investment in xYZ for the year ended December 31,2022?
Multiple Choice
$54,000
$18.000
$36.000
$90.000
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