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What amount wyatt company report on its income statement

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    Assignment ID: FG133135858

    Question – Wyatt Company acquired 30% interest in the voting stock of Staples Inc. for $650,000. During the first year, Staples Inc. reported net income of $240,000 and paid cash dividends totaling $60,000. What amount will Wyatt Company report on its income statement related to its investment in Staples Inc?

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