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Ramiro Company purchased 4 0 % of the outstanding stock of Marco Company on January 1 . Marco reported net income of $ 8 4

Ramiro Company purchased

40 %

of the outstanding stock of Marco Company on January

1 .

Marco reported net income of $

84, 900

and declared dividends of $

19, 300

during the year. How much would Ramiro adjust its investment in Marco Company under the equity method?

lof'$

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