Rijo Corporation uses the equity method to account for its ownership of 30% of the common stock
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Rijo Corporation uses the equity method to account for its ownership of 30% of the common stock of Pippen Packing. During 2014, Pippen reported a net income of $80,000 and declares and pays cash dividends of $10,000. What recognition should Rijo Corporation give to these events?
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Related Book For 
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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