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On December 31, 2020, Ryan Corp. acquired a 40% interest in Gosling Corp. for $ 315,000. During 2021, Gosling reported net income of $ 200,000
On December 31, 2020, Ryan Corp. acquired a 40%
interest in Gosling Corp. for $ 315,000. During 2021,
Gosling reported net income of $ 200,000 and paid total
cash dividends of $ 50,000. Assuming Ryan uses the
equity method, at December 31, 2021, the balance in the
investment account should be?
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