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What savannah corporation should report revenue

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Question 1: Savannah Corporation purchased 35,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2017. During 2017, Boulet Corporation had 140,000 shares of common stock outstanding, paid cash dividends of $120,000, and reported net income of $320,000. Savannah Corporation should report revenue from investment for 2017 in the amount of

Option a) $30,000.

Option b) $50,000.

Option c) $80,000.

Option d) $0.

Reference no: EM132583438

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