Bharrat Corporation purchased 43% of Ferris Corporation for $103,000 on January 1. On October 17 of the same year, Ferris Corporation declared total cash dividends of $15,000. At year-end, Ferris Corporation reported net income of $63,000. The balance in the Bharrat's Equity Method Investments—Ferris account at December 31 should be:
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Bharrat Corporation purchased 43% of Ferris Corporation for $103,000 on January 1. On October 17 of...
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