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question 52

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The following information pertains to questions
GNR Inc owns 100% of NMX Inc.During the year,NMX Inc earned a net income of $40,000 and paid Dividends of $10,000.
-Assuming that GNR Inc uses the Equity Method,what effect would the above information have on GNR's investment in NMX account?


Definitions:

Purity

The condition or quality of being clean, free from contaminants, or morally upright.

Timbre

The quality of a sound that distinguishes it from other sounds of the same pitch and volume.

Musical Note

A symbol representing a specific pitch and duration in music, essential for musical notation and composition.

Inner Ear

The innermost part of the ear, containing structures responsible for hearing (cochlea) and balance (vestibular system).

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