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Question
Which of the following items would not affect the investor's income for the period?
a. interest received on a temporary investment in bonds
b. dividends received on a long-term investment in stock where the investor owns 10% of the investee's stock
c. dividends received on a long-term investment in stock where the investor owns 30% of the investee's stock
d. interest received on a long-term investment in bonds
Answer
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