Pelican Corporation acquired a 25% interest in Seafare Incorporated at book value several years ago.Seafare declared $100,000 dividends in 2010 and reported its income for the year as follows: Pelican's Investment in Seafare account for 2010 should increase by

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Pelican Corporation acquired a 25% interest in Seafare Incorporated at book value several years ago.Seafare declared $100,000 dividends in 2010 and reported its income for the year as follows:  Pelican's Investment in Seafare account for 2010 should increase by

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The Answer of Pelican Corporation acquired a 25% interest in Seafare Incorporated at book value several years ago.Seafare declared $100,000 dividends in 2010 and reported its income for the year as follows:  Pelican's Investment in Seafare account for 2010 should increase by

Pelican Corporation Acquired a 25% Interest in Seafare Incorporated at Book