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Determine the balance in the investment account

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Question - Equity Investments On December 31, 20X1, Ryan Corp. acquired a 60% interest in Gosling Corp. for $315,000. During 20X2, Gosling reported net income of $200,000 and paid total cash dividends of $50,000. Assuming Ryan uses the equity method, at December 31, 20X2, determine the balance in the investment account?

Reference no: EM133180430

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