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Pablo Corporation purchased 25,000 shares of common stock of the Twister Corporation for $40 per share on January 2, 2020 and
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Answer #1

It is known that

net income = revenue from investment - dividends paid

$500000 = revenue from investment - $150000

$500000 + $150000 = revenue from investment

$650000 = revenue from investment

Pablo corporation must report revenue of $650000 from investment in 2020

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