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question 57

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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 once again that GNR owned 80% of NXR instead of 100%,what would be the effect on GNR's investment in NMX account under the cost method if GNR received $9,000 in dividends from NMX?


Definitions:

Implicit Memory

A type of memory in which previous experiences aid the performance of a task without conscious awareness of these previous experiences.

Semantic Memory

A type of long-term memory that involves the ability to remember meanings, concepts, facts, and general knowledge about the world.

Episodic Memory

The ability to remember specific events or episodes from one's life, including the contexts and emotions associated with them.

Mnemonic Devices

Tools or strategies used to improve memory through the use of patterns, rhymes, acronyms, or visual aids.

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