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On January 1, 2020, Sunland Corp. paid $910000 for 113750 shares of Wildhorse Company's common stock, which represents 26% of Wildhorse's outstanding common stock. Wildhorse
On January 1, 2020, Sunland Corp. paid $910000 for 113750 shares of Wildhorse Company's common stock, which represents 26% of Wildhorse's outstanding common stock. Wildhorse reported net income of $197000 and paid cash dividends of $59000 during 2020. Sunland should report the investment in Wildhorse Company on its December 31, 2020, balance sheet at: O O O O $925340 $874120 $910000 $945880 Save for Later Attempts: 0 of 1 used Submit
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