Question: Required information On January 1 , 2 0 X 3 , Poke Corporation acquired 2 5 percent of the outstanding shares of Shove Corporation for

Required information
On January 1,20X3, Poke Corporation acquired 25 percent of the outstanding shares of Shove Corporation for $100,000 cash. Shove Company reported net income of $75,000 and paid dividends of $30,000 for both 20X3 and 20X4. The fair value of shares held by Poke was $110,000 and $105,000 on December 31,20X3 and 20X4 respectively.
If instead, Poke could not exercise significant influence over the investee, by what amount will Poke's 20X3 income increase due to its investment in Shove?
Required information On January 1 , 2 0 X 3 ,

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