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During 2011 pippen reported a net income of 80000 and

Rijo Corporation uses the equity method to account for its ownership of 30% of the common stock of Pippen Packing. During 2011 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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Accounting Basics: During 2011 pippen reported a net income of 80000 and

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