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Red Corp.owns 3,000 of the 10,000 outstanding common shares of Grey Corp.and exercises significant influence.During 2017, Grey reported net income of $120,000 and paid total cash dividends of $40,000.
-Red Corp.should report investment revenue for 2017 of
A)$12,000.
B)$24,000.
C)$36,000.
D)$48,000.

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The Answer of Use the following information for questions.
Red Corp.owns 3,000 of the 10,000 outstanding common shares of Grey Corp.and exercises significant influence.During 2017, Grey reported net income of $120,000 and paid total cash dividends of $40,000.
-Red Corp.should report investment revenue for 2017 of
A)$12,000.
B)$24,000.
C)$36,000.
D)$48,000.

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