8,800 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method? of $ Decrease ncrease

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter22: S Corporations
Section: Chapter Questions
Problem 23CE
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Question
Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $93,000 and declared dividends of
$18,800 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method?
of $
Decrease
Increase
Transcribed Image Text:Ramiro Company purchased 40% of the outstanding stock of Marco Company on January 1. Marco reported net income of $93,000 and declared dividends of $18,800 during the year. How much would Ramiro adjust its investment in Marco Company under the equity method? of $ Decrease Increase
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