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Crane Corporation purchased 360 shares of Sherman Inc. common stock for $10,200 (Crane does not have significant influence). During the year, Sherman paid a cash

Crane Corporation purchased 360 shares of Sherman Inc. common stock for $10,200 (Crane does not have significant influence). During the year, Sherman paid a cash dividend of $3.50 per share. At year-end, Sherman stock was selling for $31.00 per share.image text in transcribed

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