Ramiro company purchased 40 of outstanding stock of marco, Financial Accounting

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Ramiro company purchased 40 of outstanding stock of marco

Ramiro Company purchased 40% of outstanding stock of Marco Company on January 1 2012, macro reported net income of $80000 and declared dividends of $20000 during 2012. How much would Ramiro adjust their investment in Macro Company under the equity method?

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Financial Accounting: Ramiro company purchased 40 of outstanding stock of marco

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Financial Accounting: Ramiro company purchased 40 of outstanding stock of marco

Reference No:- TGS01103728

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