Canada Company had the following operating data for the year for its computer division: sales, $650,000; contribution margin, $140,000; total fixed costs (controllable), $100,000; and average total operating assets, $280,000.
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On May 15, 2018 , Mega Co. invests $ 10 comma 000 in Saddle , Inc. stock. Saddle pays Mega a $ 900 dividend on November 15, 2018. Mega sells the Saddle stock on December 10, 2018 , for $ 9 comma 700. Assume the Mega Co.
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