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Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $75,500 and declared dividends of $20,000

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Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $75,500 and declared dividends of $20,000 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method? of $

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