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Grey Inc. owns 10% of the common stock of blue company, then Grey Inc: ...

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Accounting

Grey Inc. owns 10% of the common stock of blue company, then Grey Inc:

  1. Would record 10% of the net income of Blue Company as investment income each year.
  2. Would record dividends received from blue company as investment revenue.
  3. Would increase its investment account by 10% of Blue company income each year.
  4. All of the answer choices are correct.

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