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Pharoah Company owns 15000 of the 50000 outstanding shares of Sheridan, Inc common stock. During 2025, Sheridan earns $1040000 and pays cash dividends of $840000.

Pharoah Company owns 15000 of the 50000 outstanding shares of Sheridan, Inc common stock. During 2025, Sheridan earns $1040000 and pays cash dividends of $840000. Pharoah will report investment income for 2025 of $60000. $312000. $252000. $0

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